VOL. XXXIX

No. 21

19-February-1996

LEBANON

Lebanese Parliament Approves 1996 Budget

The Lebanese Parliament on 31 January approved the 1996 budget with only a slight modification to the original draft, which was approved by the government last September before its presentation to parliament (MEES, 2 October 1995). The budget is projecting a deficit of LL2,428bn ($1.5bn), down 2.1% from 1995, with total revenue of LL4,022bn ($2.5bn), up 27.7%, and total expenditure of LL6,450bn ($4.1bn),...