Financial and Banking News
BUDGETS AND REVENUES
Banque du Liban Fails to Control Government Borrowing
Figures for the third quarter of the year show that once again the government in Beirut has resorted to heavy borrowing from the Banque du Liban, despite the latter's warnings of the inflationary consequences of such a policy. Although there was some respite during the second quarter of the year, when the government succeeded in raising sufficient finance from the issue of...