The total public debt in Lebanon at the end of last October reached $ 95 billion, which is a 3.7% increase from $ 91.6 billion at the end of 2019, and an increase of 9.1% from $ 87.1 billion at the end of October 2019.
Total public debt grew by $ 3.4 billion in the first 10 months of 2020, compared to an increase of $ 2 billion during the same period in 2019. Debt denominated in Lebanese pounds reached $ 59.4 billion at the end of October 2020, and increased by 2.6% from the end of 2019 and by 9% from the end of October 2019. While the debt denominated in foreign currency reached 35.6 billion dollars, and it grew by 5.5% from the end of 2019 and by 9.5% from the end of October 2019.
On March 7, 2020, the Lebanese government decided to suspend all payments on the $ 1.2 billion Eurobonds that matured on March 9, 2020. Also, on March 23, 2020, the government announced that Lebanon would stop paying payments on all outstanding Eurobonds. The Ministry of Finance also indicated that $ 4.1 billion of foreign currency denominated debt became delayed at the end of October 2020.
Source (Economic Newsletter Site, Edited)
