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...
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