Economic Research | Lebanon This Week | Lebanon This Week 526 | Gross public debt at $79.5bn at end-2017 | Lebanon | Byblos Bank

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Lebanon This Week 526

Home Economic Research Lebanon This Week 526 Gross public debt at $79.5bn at end-2017
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Gross public debt at $79.5bn at end-2017

Lebanon's gross public debt reached $79.5bn at the end of 2017, constituting an increase of 6.2% from $74.9bn at end-2016 and compared to increases of 6.5% in 2016, 5.6% in 2015, 4.9% in 2014, 10.1% in 2013, 7.5% in 2012, 2% in 2011 and 3% in 2010. In nominal terms, the gross public debt grew by $4.62bn in 2017, relative to increases of $4.56bn in 2016, $3.75bn in 2015, $3.1bn in 2014, $5.8bn in 2013, $4bn in 2012, $1.1bn in 2011 and $1.5bn in 2010. Debt denominated in Lebanese pounds totaled $49.1bn at the end of 2017, growing by 5% from end-2016; while debt denominated in foreign currency stood at $30.4bn, constituting a rise of 8.1% from end-2016. Lebanon's public debt was equivalent to 149% of GDP in 2017, compared to 150% of GDP in 2016 and 131% of GDP in 2012.

Commercial banks held 40.2% of the public debt as at end-2017 relative to 46.4% of the total at end-2016. Banque du Liban (BdL) held 48% of the Lebanese pound-denominated public debt at the end of 2017, up from 42.7% a year earlier; followed by commercial banks with 37.5% of the local debt, down from 41.9% at end-2016. Also, public agencies, financial institutions and the public held 14.5% of local debt at end-2016, down from 15.3% a year earlier.
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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