FILE PHOTO: Finance Minister Ali Hassan Khalil talks during a news conference at the presidential palace in Baabda, Lebanon November 6, 2017. REUTERS/Aziz Taher
BEIRUT - The Lebanese state draft budget for 2019 will have a deficit below 9% of gross domestic product and it may be less than 8.5% of GDP, Finance Minister Ali Hassan Khalil said on Saturday, according to broadcaster LBC.Lebanon has one of the heaviest public debt burdens in the world at around 150% of GDP.
Khalil, writing on his Twitter feed, said the draft budget includes a saving of around 1 trillion Lebanese pounds in debt servicing costs, without giving further details. “The debate on the budget must end tomorrow so that we end the atmosphere of anarchy and rumors,” Khalil said, an apparent reference to conflicting statements and reports about proposed cuts in the budget that have fueled protest and strikes.
Prime Minister Saad al-Hariri said earlier this month that Lebanon was far from bankruptcy but failure to pass a “realistic” budget that brings down the deficit would be tantamount to a “suicide operation” against the economy.
Let me guess, Americans have no clue what this is about.. but they want the whole world to pay attention to America and its president ?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF expects Saudi budget deficit to hit 7% of GDP this yearHigher public spending will push Saudi Arabia's budget deficit to 7% of gro...
Source: Reuters - 🏆 2. / 97 Read more »
Japan Finance Minister Aso says Huawei ban could affect Japanese firmsA U.S. bid to block China's Huawei Technologies from buying vital American ... Too bad. Trump doesn't care. Japan's Deputy Prime Minister Taro Aso and the Japanese Royal Family gave Japanese Prime Minister Shinzo Abe rectal cancer through Huawei and ZTE facilities. Taro Aso is sinister. My stomach hurts because of Taro Aso. Trump - making new friends every where he goes.
Source: Reuters - 🏆 2. / 97 Read more »
Turkish finance minister hopes damage to economy from currency crisis will be short-livedThe Turkish economy will hopefully overcome the impacts of a currency crisis las... Hayaller Lonra , gerçekler tahtakale ... Finance minister is Erdogan's son in law. Quite enough explanation i think :D But,we're don't believe him
Source: Reuters - 🏆 2. / 97 Read more »
Lebanese Maronite patriarch who opposed Syrian army presence diesCardinal Nasrallah Sfeir, the former patriarch of Lebanon's Maronite church... Assad curse deployed
Source: Reuters - 🏆 2. / 97 Read more »
Retired Lebanese soldiers picket central bank over cutsRetired soldiers in Lebanon started picketing the Central Bank building late on ... There's no greater shame than abandoning your commitments to provide a pension for those that fought for your country. Hopefully they get what they're owed, and not a pound less.
Source: Reuters - 🏆 2. / 97 Read more »
The Atlanta Fed's GDP forecast is sliding, and expectations for rate cuts are surgingThe Atlanta Fed's closely watched GDPNow tracker is pointing to a 1.1% gain for the economy in the second quarter. Markets expect a Fed rate cut as soon as September. They also forecasted .2% for gdp in the first quarter. Only off by 3%
Source: CNBC - 🏆 12. / 72 Read more »
Bank of France estimates second quarter French GDP growth at 0.3 percentThe French economy should grow 0.3 percent in the second quarter, the Bank of Fr... CETA continues to struggle with slow growth. One has to wonder if the CETA internal focus has led to poorly constructed economic policies.
Source: Reuters - 🏆 2. / 97 Read more »
Brazil government, central bank nod to rapidly deteriorating GDP, fiscal positionBrazil's government and central bank said the country's economic and f... I think Brazilians just got sucker-punched for electing a govt. that has no economic plans better than the previous one. To make matters worse guns, guns and more guns seem to be the only rhetorics it knows. I think it is high time the shootings of President was investigated. I think Brazilians just shot themselves in the foot. Bosinaro
Source: Reuters - 🏆 2. / 97 Read more »
Trump is right that tariffs 'helped' GDP growth — but that's not the full storyPresident Trump said his 'Tariffs on China' were boosting the American economy. Some economists, however, aren't so willing to connect those dots, pointing out the negative effects the tariffs are having on the country's economic growth. It's crystal clear that Trump has no idea as to how tariff's work. ❤️ TRUMP ❤️ Who pays the Trump Tariffs? You Do!
Source: NBCNews - 🏆 10. / 86 Read more »
Malaysia's first quarter GDP growth seen cooling on weak demand, exportsMalaysia's economic growth pace likely slowed in the first quarter, due to ... Mussies n airlines don't mix well, I suggest diversified profiles to my two dads. In A trustworthy less country, it’s difficulty to boost economic growth.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. services data suggests downward revision to first-quarter GDPU.S. economic growth for the first quarter is likely to be revised lower after d... shocking Fake news, the economy is robust, that according to our president Donald J Trump.
Source: Reuters - 🏆 2. / 97 Read more »