Home Economics & PolicyPublic finances reach Court of Audit

Public finances reach Court of Audit

by Nicolas Melki

On April 6, 2018, at CEDRE, donor countries pledged $10.2 billion in loans and $860 million in grants to Lebanon to fund long-awaited infrastructure projects in the country. However, the donor countries and organizations require of Lebanon a long list of fiscal, structural, and sectoral reforms in order to release the funds, of which anti-corruption measures are a part. Desire to free up CEDRE funding is one of the main reasons behind the recent surge of corruption accusations flying back and forth between political parties. Everyone seems to be pointing fingers at each other to slingshot the blame over the not-so-latent corruption that post-war Lebanon has suffered to date. Ultimately, only one pointed finger will matter in terms of accountability, that of the Court of Audit. Overseeing public funds The Court of Audit is an administrative tribunal with financial jurisdiction that oversees the management of public funds; it is the

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