VOL. XLIII

No. 24

12-June-2000

LEBANON

Lebanese Government Debt Continues To Increase

Lebanons total government debt increased through 1999, with government spending estimated to be double revenue, while debt service alone consumed 98% of revenue through the first four months of 2000, according to the 20th edition of The Lebanese Economy released on 6 June by MI Associates, a Beirut-based economic consultancy. According to the report, government debt ballooned to about 140% of gross domestic...