VOL. XXXVI

NO. 52

27-SEPTEMBER-1993

Financial and Banking News

BUDGETS AND REVENUES

Lebanese Government Issues Budget Proposals For 1994

The Lebanese Government has approved a budget of LL4,194bn ($2.432bn) for1994, a 10% increase on the figure for the present year. The budget must beapproved by the Parliament. Revenues are expected to be around LL2,200bn($1.276bn), compared to LL1,701bn ($986mn) for 1993. The government onlyrecently issued its budget for 1993 and it still has to receive...