Fiscal Balance in Lebanon

Lebanon Fiscal Balance | Economic News & Forecasts

Lebanon - Fiscal Balance

Recent economic indicators make for grim reading. The private-sector PMI plummeted to an all-time low in November and remained well within contractionary territory in December amid lower output, new orders and employment. October figures for economic activity, cement deliveries and construction permits were also depressed, while a dollar shortage is crippling local businesses. Compounding matters, Fitch downgraded Lebanon’s credit rating further in December, arguing a debt default or restructuring was now likely. The government made a large bond payment in late November, with all eyes now turned to March, when a further USD 1.2 billion repayment is due. In politics, the president recently nominated Hassan Diab, a former education minister, as prime minister. However, Diab has yet to form a government, and political paralysis continues to accentuate the already-acute economic crisis.

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 Rate1,5130.0 %Dec 31

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