EXECUTIVE would like to thank the outgoing government for its performance. Who else could have provided as much news-making material with such high entertainment value?
At times we couldn’t keep up with you – we’re only a
monthly magazine.
To show our deep appreciation, EXECUTIVE has put together a
list of the top ten achievements made under this government.
10. Said no to $2.7 billion from LibanCell and Cellis
9. Presided over a deteriorating fiscal situation: Debt
reached nearly $23 billion, deficit surpassed 50% and for
the first time debt servicing exceeded revenues in July
8. Raised taxes in a recession. For example, customs
increased several times and income tax went up 50%
7. Put a freeze on permits at Solidere, the largest company
in Lebanon
6. Failed to spend large chunks of aid and loans from the
World Bank, EU and Japan
5. Did not make good on its promises to reform the administration
and crack down on corruption
4. Threatened the international courier companies and
attempted to extract two-thirds of the market’s worth in the
form of taxes
3. Customs banned Intel chips
2. Put a lid on voice over IP and callback cards
1. Issam Naaman, minister of post and telecommunications,
gave his opinion on Standard & Poor’s: “Let them go to hell”
We hope that the incoming government will provide us with
a more positive list of achievements.
