Lebanon’s gross public debt hit $29.3 billion this past April, a 3.5 percent increase compared with figures from 2001 year’s end. Some 103 percent of the debt was foreign, increasing by 10.7 percent during the first four months of the year reaching $10.6 million, reported the Banque Audi Economic Analysis Unit.
Lebanon's public debt, which stood at $27 billion last year, exceeded 165 percent of the nation’s Gross Domestic Product (GDP). The figure is expected to increase by three percent in 2002, up from last year’s two percent. — (menareport.com)
© 2002 Mena Report (www.menareport.com )