Fiscal Balance in Lebanon

Lebanon Fiscal Balance | Economic News & Forecasts

Lebanon - Fiscal Balance

As anxiety spikes over Lebanon’s economic and financial situation, both Moody’s and Fitch Ratings downgraded the country’s outlook to negative in December. Recent data remains underwhelming amid prolonged political impasse. Seven months after the general elections, cabinet posts remain unfilled and a swift resolution to the stalemate is necessary to kickstart the economy and unlock donor funds, especially pertinent given the high public debt and large twin deficits. In the third quarter, construction permits and cement deliveries decreased sharply, while the trade deficit widened and the money supply continued to contract noticeably. Moreover, although the trade deficit narrowed year-on-year in October, construction permits and cement deliveries dropped and the money supply fell yet again in the same month.

Lebanon - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-8.7  -6.0  -7.3  -9.2  -7.3  

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Lebanon Fiscal Balance Chart


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

Lebanon Facts

ValueChangeDate
Exchange Rate1,5090.0 %Jan 16
Stock Market9630.37 %Jan 16

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