Apr 24 2019 - 13:38
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Between 2002 and 2019, a difficult financial situation but the opportunity still exists

Lebanon has been facing a difficult and critical situation lately, but not disastrous Lebanon, news ,lbci ,أخبار Economy,Lebanon,Lebanon has been facing a difficult and critical situation lately, but not disastrous
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Lebanon News

Lebanon has been facing a difficult and critical situation lately, but not disastrous.

 
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In 2002, the financial and economic indexes were worse that the current situation, according to experts.

 

The public debt in 2002 reached a 180% rate of the country’s economy, while this rate today is 150%.

 

The deficit of the state’s finances was 15.6%, while today it is 11.5%.

 

The debt service cost was 18% of the economy in 2002; today it stands at 10.3%.

 

In 2002, the rescue came through Paris 2 conference, during which the International Community contributed with $2.4 billion in the form of facilitations and loans.

 
 

For more details, watch the full report in the video above

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