VOL. XXXVIII
NO. 18
30-JANUARY-1995
Financial and Banking News
Public Finance
Lebanese Parliament Approves $3.4Bn Budget For 1995
The Lebanese Parliament has approved spending of LL5,600bn ($3.4bn) for 1995,an 8% increase on 1994. Revenues have been projected at LL3,150bn ($1.9bn), anincrease of 41%. No immediate indication has been given of how the deficit willbe financed, but in recent times the government has been able to borrow fromlocal banks by issuing treasury instruments. During the...
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