Visit our new website: worldnews.easybranches.com

Lebanon’s cabinet postpones final budget meeting

  • Thu, 16 May 2019 02:21
Author: 
Wed, 2019-05-15 15:50

BEIRUT: Lebanon’s cabinet delayed until Friday its last session on the 2019 draft budget, a minister said, pushing back a critical meeting to finalize plans for cutting the deficit.
Lebanon has one of the heaviest public debt burdens in the world, and long-stalled reforms are seen as more pressing than ever after years of low economic growth.
President Michel Aoun, in a speech late on Tuesday, urged the Lebanese to end protests and make sacrifices to rescue the country from economic and financial crisis.
Prime Minister Saad Al-Hariri has said this may be the most austere budget in Lebanon’s history.
Ministers who convened on Wednesday afternoon had been due to meet again at night to agree the budget before sending it to parliament for approval.
“There will be no second session tonight,” Health Minister Jamil Jabak told reporters at the Grand Serail, the government headquarters in Beirut.
Parliament Speaker Nabih Berri called for speeding up efforts to complete the budget, lawmakers from his Amal Party cited him as saying after a meeting.
Fears that the budget will include wage or pension cuts have sparked protests by public sector workers and retired soldiers.

Main category: 
US in new push to resolve Israel-Lebanon sea border disputeProtests return to Lebanon as government discusses austerity Middle-East

Tags


Businessweek

Related Stories

Buddhist extremists hold first meeting after Easter attacks in Sri Lanka
  • Mon, 08 Jul 2019 12:11

Mon, 2019-07-08 02:12 KANDY: Police lined the streets of the Sri Lankan highland town of Kandy on Sunday and the army was on standby as hard-line Bud...

Lebanon’s Hariri postpones cabinet meeting after shootout
  • Tue, 02 Jul 2019 18:46

Author: ReutersID: 1562066541247263200Tue, 2019-07-02 11:12BEIRUT: Lebanon’s Prime Minister Saad Al-Hariri will delay Monday’s cabinet m...

Morning meeting( Lepus europaeus) by Miroslav Rambousek
  • Fri, 21 Jun 2019 02:36

Morning meeting( Lepus europaeus) by Miroslav Rambousek Miroslav Rambousek: Photos ...

UK Conservatives to pick final 2 contenders for prime minister
  • Thu, 20 Jun 2019 20:32

Author: By JILL LAWLESS | APID: 1561027336952676700Thu, 2019-06-20 09:54 LONDON: Britain’s governing Conservatives were set to pick two c...

Donald Trump says Xi Jinping meeting at G20 ‘scheduled’
  • Tue, 11 Jun 2019 10:00

Author: AFPID: 1560172949851160100Mon, 2019-06-10 13:20 WASHINGTON: President Donald Trump on Monday said he still expects to talk with his...

Nizar Zakka’s Case Reaches Final Phase
  • Mon, 10 Jun 2019 14:36

The case of Lebanese Nizar Zakka - detained in Tehran since 2015 – has finally come to an end, as the head of Lebanon's General Security, General Ab...

Militant attack kills two police, one soldier in Lebanon's Tripoli
  • Tue, 04 Jun 2019 10:07

Tue, 2019-06-04 00:15 BEIRUT: A militant attacked a patrol of Lebanon’s Internal Security Forces (ISF) in the northern city of Tripoli on Monday ni...

Lebanese cabinet approves draft state budget
  • Sat, 25 May 2019 16:09

Author: ReutersID: 1558708701133989300Fri, 2019-05-24 14:21 BEIRUT: The heavily indebted Lebanese government approved a draft budget to cut...

Lebanese budget protesters clash with security in Beirut
  • Tue, 21 May 2019 09:17

Author: Associated PressID: 1558368364571089100Mon, 2019-05-20 15:56 BEIRUT: Security forces opened water cannons on Lebanese anti-austerit...

Final round of voting underway in India’s marathon elections
  • Sun, 19 May 2019 12:06

Author: By JULHAS ALAM | APID: 1558235165219772400Sun, 2019-05-19 02:44 KOLKATA, India: Indians are voting in the seventh and final phase o...

Lebanon’s central bank operates normally despite protests blocking entrances
  • Mon, 13 May 2019 18:56

Mon, 2019-05-13 08:10 BEIRUT: Lebanon’s central bank is operating despite blocks at its entrances by retired soldiers protesting over pension or be...


الاقسام