Kuwaiti newspaper al Qabas reported that Iran reduced the budget allocations to all the organizations that it financially supports throughout the region. Hezbollah’s allocation according the daily’s sources was reduced by 25 %. The drop in oil prices was cited as the main reason for the reduction in Hezbollah’s allocation. According to the report Iran’s […]
Prime Minister Najib Mikati said on Wednesday that the cabinet approved the 2012 state budget draft law, which will be refereed to the parliament for final approval. The premier also said that Lebanon’s share of the Special Tribunal for Lebanon ( STL) funding was paid in the same manner as last year but was not […]
During its meeting on Wednesday at the Baabda presidential palace the Lebanese cabinet again failed to reach an agreement on how to handle the controversial $5.9 billion bill on extra-budgetary expenses. President Michel Suleiman who headed the cabinet meeting
Hezbollah MP Nawwaf Moussawi on Monday blasted former PM and current Future Movemnt bloc leader MP Fouad Siniora over linking the past and current cabinet expenditures. “Linking the $6 billion [spent by the current cabinet of Prime Minister Najib Mikati] to the $11 billion [spent by the past cabinets of former PMs Fouad Siniora and […]
A boycott by the lawmakers of March 14 and the National Struggle Front which is headed by MP Walid Jumblatt forced Lebanese speaker Nabih Berri to postpone Monday’s parliament session until March 15 due to the lack of a quorum. There were conflicting reports about the number of MPs that attended. MTV reported that only […]
Minister Ghazi Aridi said on Saturday that his Progressive Socialist Party “will boycott Monday’s parliamentary session if no agreement is reached” regarding the government’s extra-budgetary expenses before the session. “We are against voting on [adopting a draft law on allocating $6 billion to the cabinet for extraordinary expenses in 2011 , and we might boycott […]
A leading Lebanese banker fears a Greek economic scenario in Lebanon this year if the government fails to take immediate action to reduce the budget deficit, cut waste and implement broad reforms.
Lebanon’s trade deficit widened by 4 percent in the first seven months from a year earlier on higher imports, the Finance Ministry said.
Lebanon’s 2012 government budget will increase by roughly 15 percent and the deficit will not be more than $3 billion at best, the country’s finance minister said on Tuesday. “The budget will increase by 15 percent roughly.
Lebanon’s Information Minister Tarek Mitri briefed the media following Monday’s cabinet session at the Grand Serail