Middle East Economic Survey

VOL. LIII

No 17

26-April-2010

LEBANON

Lebanon Unveils Expansionary 2010 Draft Budget

The Lebanese Minister of Finance Raya al-Hasan on 15 April announced details of the 2010 draft budget, projecting a 15.4% increase in the deficit to LL5,675bn ($3.78bn), but maintaining the deficit to expenditure ratio at the 30% level. The draft budget, which will need to be approved by the cabinet first and then by parliament, proposes increases in total expenditure of 14.4% to...