As fiscal deficit remains high, public debt is increasing at an annual average ranging between $4 billion to $5 billion, which will push it to $75 billion in 2016.
"Public debt is expected to reach this level with the continuous increase in spending," said Former Finance Minister Jihad Azour. Total budget deficit reached $2.48 billion in 2014, up by 40 percent compared to 2013, according to the Ministry of Finance (MoF). Total expenditures rose to $12.2 billion in 2014, up by 15 percent. ...
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