Fiscal Balance in Lebanon

Lebanon Fiscal Balance | Economic News & Forecasts

Lebanon - Fiscal Balance

Available data suggests that economic momentum has been tepid so far this year. In January and February, the coincident indicator—which measures economic activity—averaged lower than in Q4 2018, while credit to the private sector declined and the construction sector remained weak, as shown by annual falls in building permits and cement sales. Moreover, passenger arrivals through Beirut International Airport have been soft, suggesting the tourism sector is struggling. On the political front, discussions are under way over the 2019 budget, which will be a vital gauge of the government’s commitment to fiscal reform. However, the austerity measures required to put the public finances on an even keel could cause social unrest; small protests in recent weeks could be a sign of things to come.

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

Exchange Rate1,5080.0 %May 13
Stock Market8700.37 %May 13

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