VOL. XLIII

No. 27

3-July-2000

LEBANON

Lebanons Budget Deficit Widens To 45.1% Of Spending In First Five Months Of 2000

Lebanons budget deficit for the first five months of 2000 totalled $902mn, or 45.1% of spending, compared with $639mn, or 37.6% of spending, for the same period last year, according to figures released on 26 June by the Ministry of Finance. The increase in the deficit came despite pledges by Finance Minister George Corm to raise revenues and reduce spending in order to keep...