Lebanon forecasting debt to GDP to stabilise at 149% in 2018, finance official says
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Lebanon, saddled with one of the world’s highest debt-to-GDP ratios, expects its 149 per cent debt level of last year to carry over into 2018 as sluggish growth and a lingering fiscal deficit continue to exacerbate the country’s public finances, a senior finance ministry official said.
“Lebanon is an island nowadays from an economic point of view,” said Alain Bifani, the director general of the finance ministry. “We are not anymore connected to many countries around us because many of those countries have wars.”
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Source : Lebanon forecasting debt to GDP to stabilise at 149% in 2018, finance official says