Lebanon’s Unsustainable Public Debt
A one-time “national solidarity tax” as a part of debt restructuring
1. Having spiraled out of control, Lebanon’s public debt needs to be drastically reduced both as a share of GDP and in absolute amount given the stalled economic growth and, worse, contraction. At the current level of indebtedness compared to economic output, the debt cannot be put on a sustainable path without major policy adjustments, […]