Khalil Says Budget Expenditures Reduced, Public Debt Stable

W300

Finance Minister Ali Hassan Khalil said the ministerial committee's talks regarding the 2018 State budget were “consensual,” assuring that they managed to cut expenditures by more than 1,000 billion Lebanese pounds keeping the public debt unchanged, al-Joumhouria daily reported on Friday.

“Agreement on the State budget was resolved through consensual dialogue. Talks in the next 48 hrs hours will reflect this. It has become certain that the redirection in expenditures exceeded 1,000 billion Lebanese pounds,” Khalil told the daily.

According to the daily, the ministerial panel tasked with discussing the State budget manged during its meeting on Thursday to reduce the state institutions' expenses, and to maintain the budget deficit at 8,000 billion Lebanese pounds.

The panel has met to make its final assessment of the amendments made to the draft budget before it is referred to the Parliament for approval. It is scheduled to hold another meeting next week.

Prime Minister Saad Hariri has stressed that Lebanon must not allow its public debt to rise and asked state institutions to comply with his January directive to cut budgets by 20 percent.

Due to political wrangling, Lebanon was left without a State budget from 2005 until it passed one in 2017. However, it must now agree a budget for 2018.

SourceNaharnet
Comments 4
Thumb ex-fpm 6 years

so by:
""All eyes are on whether the Future Movement or Al-Jamaa al-Islamiya will try to form an alliance with the Lebanese Forces who currently hold the Catholic seat in Jezzine."

you understood the alliance between the Lebanese Forces and Al-Jamaa al-Islamiya is already done and you took to the internet to publish it?!

and what if it did happen, what is your point ya troll?

Thumb galaxy 6 years

The sad thing about this heretic is that like all shias he wants to show that he reads and he is educated whether his comments apply or not. What is more disturbing is that he, in a typical shia fashion, does not understand what he reads which makes him the laughing stock of the forum.

Thumb EagleDawn 6 years

"Laugh out loud!" Aka, LOL.
You are a joke.

Thumb janoubi 6 years

Your life must be as empty as your head !