Source: Xinhua| 2019-09-17 01:26:04|Editor: Mu Xuequan

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BEIRUT, Sept. 16 (Xinhua) -- Lebanon's gross public debt increased by 1 percent to 86 billion U.S. dollars by the end of July compared with the same period of the previous year, Bank Audi reported on Monday.

Bank Audi's Lebanon Weekly Monitor said that Lebanon's domestic debt increased by 3.8 percent to 53.6 billion U.S. dollars by the end of July compared with the same period of 2018.

It added that Lebanon's external debt fell by 3.3 percent from the end of 2018 to stand at around 32.4 billion U.S. dollars at the end of July.

The Lebanese government vowed to take structural reform measures that would curb its yearly budget deficit and public debt to save the country's economy from further deterioration.

Lebanon has already approved its 2019 state budget by cutting the overall budget deficit from 11.4 percent to 7.59 percent.

Lebanon's government said that it is expected to discuss the 2020 budget soon which will include more structural reforms.