Aoun Says Budget Approval Puts Govt's Financial Management on Right Track
After the Cabinet approved the draft 2018 State budget, President Michel Aoun said on Tuesday “the most important process of managing the State's finances has been achieved.”
“With the budget approval by adjusting revenues and expenditures, and start reducing the deficit, the most important process of managing the State's finances has been achieved,” said Aoun in a tweet.
On Monday, the Cabinet approved the state budget sending it to Parliament for ratification.
Budgets of ministries have been slashed by 20%.
Prime Minister Saad Hariri said the “budget includes reforms and incentives for all sectors and it will achieve a surplus in all ministries.”