BUDGETS AND REVENUES
Lebanon Presents Draft Budget
Lebanon released its draft budget last week, forecasting expenditure of LL9,250bn (including LL4,300 in debt servicing) revenues of LL6,400bn and a deficit of LL2,850bn or 30.8%. However, these figures do not include privatization and securitization and if these are taken into account, the expenditure is forecast at LL8,850bn with a deficit of LL2,450bn or 27.7%. The budget envisages no increase in the...