VOL. XLIV

No 39

24-September-2001

LEBANON

Lebanese Cabinet Drafts 2002Budget With Deficit At 40% Of Spending

The Lebanese cabinet on 13September passed the 2002 draft budget (to be sent for ratification by Parliamentsoon), which forecasts revenues of LL5,650bn ($3.75bn) and expenditures ofLL9,425bn ($6.25bn) representing a 15.31% increase and a 4.80% decreaserespectively from the corresponding figures for the previous year (see Tablebelow). The resulting deficit of LL3,775bn ($2.50bn) represents...