Lebanon Businessnews News
 

Gross public debt
reaches $91.6 billion
Public sector has more than $10 billion

deposited in banks and Central Bank

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Gross public debt increased by 7.6 percent to reach $91.6 billion at the end of 2019, compared with the end of 2018.

Debt in lira rose 12 percent to $57.9 billion while foreign currency debt inched up by 0.8 percent to $33.7 billion.

Net public debt, which excludes from gross debt public sector deposits at the Central Bank and commercial banks, increased by 7.3 percent to $81.2 billion, of which $47.5 billion is in lira.

The public sector has increased its deposits at the Central Bank and commercial banks by more than ten percent to $10.4 billion.
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Date Posted: Feb 14, 2020