Former Minister Alain Hakim on Tuesday called for serious solutions to be made to address the alarming problem of the state deficit, criticizing the 2018 budget for not including any long-term plan regarding this issue.
Rating agency Moody’s forecast Lebanon’s economy will grow 2.8 percent in 2018, slightly faster than last year thanks to the resumption of long-delayed public investment projects. The forecast revises down Moody’s previous forecast, published in September, for 3.0 percent growth in 2018. It also cut its growth estimate for 2017 to 2.5 percent, which is in line with the Lebanese central bank’s forecast, from 2.8 percent.
The Kataeb Party on Wednesday blamed the ruling authority for the high cost of living that the Lebanese are enduring nowadays, holding it responsible for the growing economic and social crises that the country is witnessing.