Jobs
Properties
Automarket
Databank
EasyBanking
Search
Categories
Companies
People
Sectors
Topics
Business
Events
Conferences
Local trade exhibitions
International trade exhibitions
Professional
Training
Executive training
Trade
Missions
Incoming
Outgoing
Weekly
Newsletter
View latest issue
Subscribe
Update my subscription
Unsubscribe
SUBMIT INFO
News
Conferences
Exhibitions
Tenders
Training
Missions
Search
Categories
Financial
Markets
Business
Events
Trade
Missions
Business
Research
Calculation
Tools
Weekly
Newsletter
SUBMIT INFO
CHAMPION OF THE DAY
LEADERS NEWS
Budget deficit drops
by 6.5 percent in 2019
Primary deficit
shrinks by 55 percent
The fiscal deficit narrowed by 6.5 percent last year when compared with 2018. Total deficit reached the equivalent of $5.9 billion.
The primary deficit (deficit excluding $5.6 billion in interest on debt and principal repayments) plunged by 55 percent to $287 million.
Total revenues and Treasury inflows decreased by nearly four percent to $11 billion. Total expenditure and Treasury disbursements dropped by five percent to $17 billion.
The largest drop in revenues came from VAT (minus 15 percent) and telecommunications (minus 11 percent).
The largest decrease in disbursement consisted of Treasury transfers to Electricité du Liban (minus 14 percent).
The government’s target was to cut the deficit-to-GDP ratio for 2019 to 7.6 percent from 11.2 percent realized in 2018. It had pledged at the CEDRE donor conference held in Paris in 2018 to reduce the fiscal deficit by one percent per annum over five consecutive years.
Source: Ministry of Finance
Your browser does not support iframes.
Date Posted:
Mar 13, 2020
Your browser does not support inline frames
ABOUT
ADVERTISE
SUBMIT INFO
RSS
CONTACT US
©
2021 by InfoPro sal. All Rights Reserved