Fiscal Balance in Lebanon

Lebanon Fiscal Balance | Economic News & Forecasts

Lebanon - Fiscal Balance

The economy remains in a bad way, with the private-sector PMI falling in May on a sharper decline in new orders. Moreover, in Q1 the coincident indicator—which measures economic activity—was down year-on-year, while building permits and cement sales also plunged, boding poorly for the construction sector. A glimmer of positive data came on the external front; exports were up in annual terms in February and March, likely thanks to greater stability in Syria. In politics, the draft budget announced in May has yet to be approved by Parliament. The approval and full implementation of the budget’s austerity measures will be key to unlocking USD 11 billion of donor funds and rebuilding shattered investor confidence.

Lebanon - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-9.0  -6.4  -7.9  -9.6  -7.0  

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Lebanon Fiscal Balance Chart

Lebanon Fiscal
Note: Fiscal balance as % of GDP.
Source: Ministry of Finance.

Lebanon Facts

Exchange Rate1,5080.0 %Jul 11
Stock Market8550.37 %Jul 10

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