The fiscal balance of Lebanon, an oil-importing economy, managed to record a larger primary surplus and a smaller deficit in 2017 even though international oil prices rose to an average price of $54.73 per ... read more
Lebanon’s fiscal deficit widened from $161.58M by February 2017 to $865.03M in the first two months of 2018 mainly due to three factors: the passing of the public sector pay hikes in Q4 2017, the ... read more
Despite favourable recent developments, Lebanon continues to face vulnerabilities and mounting challenges. The conflict in Syria and the resulting mass influx of refugees into Lebanon have affected the ... read more
Lebanon’s fiscal deficit narrowed by 24% year-on-year (y-o-y) to $3.76B by December 2017. This was attributed to the 17.15% yearly increase in fiscal revenues, to $11.62B, outpacing the 3.45% annual rise, ... read more
Lebanon’s fiscal deficit narrowed by 25% year-on-year (y-o-y) to $2.50B by the October 2017. This was attributed to the 12.86% yearly increase in fiscal revenues, to $9.62B, outpacing the 6.34% annual ... read more
Lebanon has been through many tough economic times, but none quite like current times. The novelty in the economic slowdown Lebanon has been witnessing since 2011 is most strikingly its prolonged nature. ... read more
Lebanon’s fiscal deficit narrowed from $2.53B by August 2016 to $1.39B by August 2017. The contraction is mainly attributed to the 14.85% annual increase recorded in public revenues, which also outweighed ... read more
Lebanon’s fiscal deficit widened by 25.09% year-on-year (y-o-y) to $4.94B by the end of 2016. This was attributed to the 9.90% yearly increase in government expenditures outpacing the 3.63% annual rise in ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 27.13% to reach $2.53B by August 2016, versus a deficit of $1.99B in the same period in 2015. The 4.13% year-on-year (y-o-y) ... read more
According to the Ministry of Finance, Lebanon’s fiscal deficit broadened by 8.52% to reach $1.94B by June 2016, versus a deficit of $1.78B in the same period in 2015. In details, in the first half of the ... read more
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