Lebanese customs revenues down 21 percent
Lebanon’s revenue from customs duties, the government’s major source of income, dropped by 21.58 percent in December from November 2000, to $73.04 million, as the government’s tariff cuts took effect.
On a year-to-year basis, customs duties revenue decreased by 31.2 percent from $106.14 million in December 1999. Revenue from customs duties for the whole of 2000 amounted to $1,248.37 million, an 11.1 percent decline on 1999. — (Banque du Liban et d'Outre-Mer Sal)
© 2001 Mena Report (www.menareport.com)