A Proposed Restricting Of Lebanese Public Debt To Promote Economic Growth

Abstract

The Lebanese economy is subjected to major constraints impeding its growth and its development. Public overborrowing constitutes the main obstacle against this growth. The Lebanese economic situation is briefly presented in this paper. Then, a measurement of the Lebanese public debt dangers is proposed through an econometric model illustrating the snowball effects. After an analysis, a simulation aiming at restructuring this debt, with a valuation of the foreign indebtedness limits, is presented.