VOL. XLI

No. 05

2-February-1998

LEBANON

1998 Lebanese Budget Continues To Target Reduction In Deficit

On 27 January the Lebanese parliament approved the 1998 budget with a projected deficitof LL3,320bn ($2.17bn), or 42% of total expenditures. In 1997 the government projected abudget deficit of 36% but failed to meet its target and the actual deficit shot up to 59%of expenditures, according to recent figures issued by the Lebanese Ministry of Finance(see table below). When the government first...