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...
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