Prime Minister Saad Hariri on Wednesday admitted that Lebanon is facing a difficult time as it is trying to reduce its deficit burden, adding that the 2019 budget that his government will approve will make sure not to harm anyone.
Lebanon's government on Monday approved the power plan proposed by the Energy Ministry to deal with the chronic electricity problem and ensure a 24-hour supply while reducing state subsidies that contributed to the country's heavy public debt. Speaking following the session that was held at the Baabda Palace, Prime Minister Saad Hariri said that the plan was endorsed in a "positive" atmosphere, hailing it as an "achievement" for Lebanon and all political parties.
It’s a familiar script. Lebanese politicians say they are “serious” about reducing the budget deficit - ready to make cuts, ready to make hard decisions. The country heard it last year in the run-up to the passage of the 2018 budget, when Prime Minister Saad Hariri ordered ministries to cut their budgets by 20 percent.