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Heavy on deficit, light on reforms and scant on exchange rate details, the 2022 draft budget is ready

Kabalan Farah- Lebanon’s Finance Ministry on Thursday sent the long-awaited 2022 draft budget proposal to the government, after many weeks of speculation about its fate.The budget, which is a prerequisite to any headway on talks with the International Monetary Fund, is one the first items on the agenda for Monday’s scheduled cabinet meeting at the Presidential Palace in Baabda. This meeting will be the government’s first since Oct. 12 — a hiatus that resulted from concern that Hezbollah and Amal Movement affiliated ministers would boycott any session convened over their dissatisfaction with cabinet not taking a stance on Judge Tarek Bitar’s leadership of the investigation into the 2020 Beirut port explosion. The two Shiite parties last weekend acquiesced to meet to discuss the draft budget.
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