Lebanon’s $900 Million Budget Fix Masks Risks as Arrears Pile Up. - Lebanon

Lebanon’s $900 Million Budget Fix Masks Risks as Arrears Pile Up
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The Lebanese government is deferring payments to contractors and public entities, improving the budget numbers but endangering a lifeline for businesses. Delayed payments for this year alone have exceeded $900 million, pushing the outstanding total to over $2 billion, according to a person familiar with the matter.


From: Bloomberg
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Date Posted: Aug 01, 2019