Lebanese Budget Deficit Exceeds Projections In 1995
The ratio of the deficit to total expenditure in the Lebanese budget at the end of September stood at 54.7%, according to the Governor of the Central Bank of Lebanon, Mr. Riad Salamah. This level exceeds the 43% limit authorized by the Lebanese parliament in the 1995 budget law. For the whole of 1994 the authorized limit of 44% was also exceeded to stand at just under 57%. The rising deficit has...