Uncertainty and inflation drag on Lebanon’s real estate market
Lebanon to again subsidize mortgages for lower-income first-time homebuyers
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… Read more “Lebanon’s 2018 budget remains despite multiple constitutional violations | Executive Magazine”
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
In November 2017, Parliament ratified a state budget for the first time in over a decade. For fiscal year 2017, the state’s total spending allocation was almost $16 billion (LL23.9 trillion).