Wazni: Salameh Suspends Subsidy Program

  • Economics
Wazni: Salameh Suspends Subsidy Program

The Central Bank has around $1.5 billion left for the subsidy program and it’s not willing to continue this trend until the caretaker government comes up with a new plan to lift subsidies and issue prepaid cards for needy families, caretaker Finance Minister Ghazi Wazni told The Daily Star Thursday.

“Central Bank Gov. Riad Salameh informed caretaker Prime Minister Hassan Diab that he can longer continue to support the subsidy program because BDL has only $1.5 billion left for this program and urged the Cabinet to come up with a plan to lift the subsidy and replace it with a prepaid card for needy families in Lebanon,” Wazni explained.

Read the Full Article at the Daily Star: https://bit.ly/3udqDnD

Source: The Daily Star