Press Today

Budget alone won’t attract foreign funds

Osama Habib- Parliament’s endorsement of Lebanon’s 2020 budget Monday will not be enough to win the confidence of the international community or encourage donor countries to provide badly needed soft loans to the battered economy. This was the impression of some economists interviewed by The Daily Star. They argued that the new Cabinet led by Prime Minister Hassan Diab needs to take extra measures to cut the budget deficit, projected at 6 percent for 2020.The bill was passed after 49 MPs voted in its favor, 13 voted against it and 13 abstained.
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