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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 |
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| | | | PROPERTY FINDER | | | | | APARTMENTS FOR SALE | | | | Verdun.315 m2. 3 Bedroom(s), 2 Salon(s), 1 Dining room(s), 1 Living room(s), 4 Bathroom(s), 1 Maid's Room(s). $1,450,000 | | | | Kantari.440 m2. 4 Bedroom(s), 3 Salon(s), 6 Bathroom(s), 1 Maid's Room(s). $1,474,000 | | | | Sodeco.1,414 m2. 5 Bedroom(s), 4 Salon(s), 6 Bathroom(s), 1 Maid's Room(s). $7,777,000 | | |
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