Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

Lebanon

Lebanese Finance Minister Sees Debt Rising To $60Bn

Lebanese Minister of Finance Muhammad Safadi has warned that the countrys public debt would grow to $60bn by the end of 2011, up from $52.6bn at the end of June, but stressed that it was crucial to invest in vital infrastructure projects. Speaking at a seminar to discuss the draft budget for 2012, Mr Safadi said that the Lebanese economy was healthy compared to many European...