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Under the 2019 budget recently ratified by parliament but not yet made public, a deferral of payments and postponement of ministerial projects make up almost half the total reduction in spending.

Lebanon’s $900m budget fix masks risks as arrears pile up

by BloombergWed 31 Jul 2019Thu 7 Oct 2021

Lebanon has pushed through a budget touted as the most austere in the country’s history in the hope of appeasing investors, donors and rating companies

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The impasse in one of the world’s most indebted countries comes as the central bank’s ability to paper over the crisis has been constrained by years of anemic economic growth, slowing foreign inflows and a surge in borrowing costs.

Ali Hassan Khalil

Lebanon entering ‘financial crisis’ prompts finance minister’s dire call

by BloombergSun 30 Dec 2018Wed 6 Oct 2021

A political stalemate that’s delayed formation of a government seven months after elections is undermining plans for reforms that would unlock $11 billion in aid for Lebanon