NEWSLETTER
September 14 - 20, 2019
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2020 draft budget
is ready for debate
Proposed deficit is
at 5.7 percent of GDP
The Ministry of Finance (MoF) has submitted the draft law of the 2020 budget to the Cabinet with a projected deficit of LL5,090 billion ($3.4 billion). It is expected to be discussed over several sessions and after a vote is sent to Parliament sometime during October.

The deficit figure does not include Treasury transfers to Electricité du Liban (EDL), which are set at LL1,500 billion ($1 billion).

The deficit-to-GDP ratio is estimated at 5.7 percent compared with 7.6 percent in the 2019 budget law that was approved by the
...more
ECONOMY
Government retaliates over technical trade barriers
Minister of Industry behind reciprocity measures
FINANCE
Jammal Trust Bank’s liquidation approved
Rights of employees and depositors are preserved
No new taxes in 2020 budget
Many of the 94 public institutions and facilities are no longer needed
$2 billion Eurobond issue underway
Move comes amid improvement in bond prices
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