On 17 January, the Finance Ministry released a report on economic developments during 2002, putting GDP growth at 2 per cent and the deficit at 42 per cent of GDP. Total revenues were £Leb 4.9 trillion ($3,260 million), compared with £Leb 3.7 trillion ($2,470 million) in 2001, while total expenditure rose to £Leb 7.8 trillion ($5,200 million) from £Leb 7.2 trillion ($4,800 million) the previous year. Debt servicing costs climbed to $3,000 million.