Fiscal Balance in Lebanon

Lebanon Fiscal Balance | Economic News & Forecasts

Lebanon - Fiscal Balance

The economy likely endured a rocky H1. The coincident indicator, which measures economic activity, was down year-on-year in the period. Moreover, building permits and cement sales also fell heavily, suggesting a depressed construction sector. That said, the tourism sector provided support, as visitor arrivals rose sharply in the first half of the year. Turning to H2, early signs are mildly more encouraging: The private-sector PMI reached an over two-year high in July, while the approval of the 2019 budget in the same month should be supporting business confidence. Furthermore, the cabinet met in August for the first time since June, boding well for political stability. However, the fiscal position is precarious, which was underlined in August when Fitch downgraded Lebanon’s credit rating, citing “increasing risks to the government’s debt servicing capacity”.

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 Rate1,5090.0 %Sep 04
Stock Market7940.37 %Sep 04

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