The Lebanese government has adopted a 2001 budget that forecasts a deficit of $2.33 billion, an increase of 11.8 percent over the current year's shortfall, an official said.
According to an economist, the forecast deficit represents 15 percent of gross domestic product.
It is the latest in a long string of annual budget deficits and will further contribute to a debt-service burden that is estimated at 140 percent of GDP.
The budget, adopted Tuesday night, calls for a three percent rise in revenues to 3.70 billion dollars and a 6.2 percent rise in outlays to $6.03 billion. – (AFP)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)