Finance committee asks govt. to provide 'realistic' numbers for state budget


The Finance and Budget Committee, headed by MP Ibrahim Kanaan, convened Thursday to discuss the 2022 state budget law.

Kanaan asked the government to give realistic numbers for the so-called customs dollar that will determine the LBP to USD exchange rate to be used to calculate customs on imports.

The lawmaker said the committee has given the government a last delay until next week to provide realistic numbers for the state budget.

Prime Minister-designate Najib Mikati had asked Minister of Finance Youssef Khalil to increase the customs exchange rate from LBP 1,500 to 20,000. Basic goods and food products would be exempted.

Last week President Michel Aoun refused to sign a decree that would increase the customs fees to 26,000, saying that the customs dollar must be increased gradually.