Lebanon Looks to Slash 2019 Budget

  • Economics
Lebanon Looks to Slash 2019 Budget

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.

“The country needs reforms, the budgets of ministries should be reduced and we have to send real, positive signs” to donor countries, Hariri said on Feb. 26, 2018.

Today the same sounds are coming from politicians - but this time around there is reason to believe they mean it.

Read the full article at The Daily Star: https://goo.gl/2WUyiK

Source: The Daily Star