(MENAFN) Bank Audi revealed Lebanon to have stood at USD86 billion in its gross public debt by the end of July 2019, marking a 1 percent year-on-year boost.
Lebanon also reached USD53.6 billion in its domestic debt during the month to reflect a 3.8 percent jump compared to a year earlier, as showed Bank Audi's Lebanon Weekly Monitor.
Meanwhile, external debt hit USD33.4 billion to register a 3.3 percent decline compared to the end of last year, Bank Audi noted.
It comes as the government made a pledge to impose structural reform steps aimed at tackling its annual budget deficit as well as public debt as it seeks to revive the economy.
MENAFN1709201900450000ID1099014972
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.