Press Today

New economic plan details ambitious goals

Lebanese officials promised to tax banks and slash their own pay as they unveiled an unprecedented package of measures to avert a financial meltdown and appease tens of thousands of protesters demanding they leave power. The emergency plan, announced Monday by Prime Minister Saad Hariri, includes the approval of a 2020 budget targeting a deficit of 0.6 percent of economic output with no other taxes or borrowing and more aid to poorer families.
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