VOL. XXXIX

No. 1

2-October-1995

LEBANON

Lebanese Draft Budget Projects Small Reduction In Deficit For 1996

The Lebanese draft budget for 1996, which was approved by the Lebanese Council of Ministers on 27 September, projects a small reduction of 2.1% in the budget deficit to LL2,428bn ($1.51bn) from LL2,480bn ($1.54bn) in 1995. However expressed as a percentage of total expenditure the fall in the deficit from 44% in 1995 to 38% in 1996 is more significant. Expenditure is projected to...