The Budget draft law for 2022 that has been submitted to the Council of Ministers, projects 55.2 trillion Lebanese pounds in expenditures with revenues of 39.1 trillion. The need…
Tag:
Budget
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Introduction by Executive Editors When the Council of Ministers approved an economic reform program at the end of April, 2020, then-Prime Minister Hassan Diab hailed the plan with the epithet…
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A key driver of the Lebanese economic crisis has been the losses incurred by the public sector. These losses have impaired the banking sector and through it the deposits of…
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Lebanon has been severely affected by the Syrian crisis that erupted in early 2011. The signs are evident everywhere, starting from a massive refugee presence, which is now more than…
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As the weather heats up, Lebanese traditionally head to the beach to cool down in one of the many private resorts along the Mediterranean. In the past few years, however,…
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Economics and Politics Qatar plans to boost the government spending by 18 percent to QAR210.6bn (US$57.8bn) in the 2013/14 fiscal year that began on Monday, the QNA state news agency…
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In the past five years, Lebanon has attracted an average of $4.5 billion per year in foreign direct investments (FDI). But as the uncertain political environment causes FDI levels to…
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Lebanon’s Prime Minister Najib Mikati appears to be all out of options. Between thousands of public sector workers on strike for better pay and economists that warn of the dangers…
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Headlines in the Lebanese press over recent weeks have been dominated by the mudslinging between politicians over the controversy surrounding some $22 billion in extra-budgetary spending. However, while the nation’s…
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Inching along amid a cacophony of horns in one of Lebanon’s estimated 1.6 million vehicles leaves a driver with ample time for reflection. As the clock on the dash ticks…
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