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Port of Beirut

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Lebanon: 7 Percent Deficit of GDP Projected in 2020 Budget
January 26th, 2020 - 07:23 GMT

Lebanon: 7 Percent Deficit of GDP Projected in 2020 Budget

Parliament is set to vote next week on a 2020 budget that projects a deficit of seven percent of gross domestic product (GDP), the head of parliament’s finance and budget commission said on Friday — far larger than the 0.6 percent originally planned, as multiple crises batter the country’s finances. Lebanon is suffering from a long-brewing economic crisis, which erupted last year in protests against the ruling elite. A hard-currency ...
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