Executive Magazine A legal challenge of the 2018 budget law taken to the Constitutional Council, Lebanon’s highest court, threatened to cancel what was the country’s second state budget passed in the last six months, on the back of no budget at all for almost 12 years. Parliament ratified the 2018 budget without approving an audit of […]
Executive Magazine Over 300 days have passed since Saad Hariri, Lebanon’s prime minister, stood on the White House lawn next to Donald Trump as the US President promised an answer to the “menace” of Hezbollah within 24 hours. That answer did not materialize in the form of a comprehensive foreign policy or as diplomatic niceties, at […]
Lebanon wants $17 billion for its capital investment plan and donors pledged $11 billion in loans at April’s CEDRE conference.
Lebanon would need to address structural fiscal problems, or increase revenues to the state treasury.
Total allocated spending in 2018 budget slightly reduced
Lebanon’s Economic and Social Council was reactivated last November
What to expect from the CEDRE investment conference and Brussels II refugee aid conference, and the outcomes of last month’s Rome security conference.