The report issued by Bank Audi revealed that the total public debt in Lebanon increased to 92.2 billion dollars at the end of April 2020.
Data published by the Ministry of Finance showed that Lebanon's total debts reached 92.9 billion dollars at the end of April 2020, an increase of 0.9% over the level recorded at the end of 2019. The domestic debt increased by 1% in the first four months of this year to reach 58.5 billion dollars. While the external debt of Lebanon increased by 1.9% at the end of April, compared to the end of 2019 to reach about 34.4 billion dollars.
The government fiscal deficit increased by 26.9% in the first four months of 2020, as a result of a decrease in public revenues of 9.1% on an annual basis. In parallel, public expenditures increased marginally by 1.1 percent.
In detail, public finance statistics show that public revenues decreased from $3.5 billion during the first four months of 2019 to $3.1 billion during the first four months of 2020, while public expenditures recorded a slight growth from $4.8 billion to $4.9 billion between the two periods. Accordingly, the fiscal deficit increased from $1.4 billion during the first four months of 2019 to $1.8 billion during the corresponding period in 2020.
Source (The Economic Bulletin site, Edited)
