©This is Beirut
According to official statistics and reports from several local banks, Lebanon's public debt has exceeded the $100 billion mark. This historic level reflects years of accumulated budget deficits, inefficient public management, poor financial governance and a lack of structural reforms.
This debt includes both domestic and external debt incurred by the state, and it continues to grow in an economic context marked by instability, a banking crisis and the collapse of public services.
Crossing this symbolic threshold underscores the urgency of a clear, coordinated and credible economic recovery plan.
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