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Economics and Policy
Lebanon’s budget deficit decreased to LL27 billion ($18 million) in January 2013 or 1.71 percent of expenditures compared to LL265 billion ($176 million) or 14.94 percent of expenditures during the same month last year.
British geological surveyor Spectrum has started a new phase of its 3-D survey of offshore oil and gas reserves off Lebanon, covering parts of four blocks involved in the first licensing round for exploration.
