According to Lebanon’s Ministry of Finance (MoF), personnel costs increased annually by 1.2% to reach $3.65B at the official rate 1507.5. The increase in public salaries was driven by the large drop in the ... read more
Month of September held some positivity after the formation of the long awaited government, followed by the confidence votes at UNESCO palace on September 20, 2021 as well as discussions on the new ... read more
In the previous months, lockdown played a role in aggravating the economic and financial situation of the country; however, the easing of some measures and vaccine intake helped in reviving different ... read more
Abstract Lebanon’s fiscal performance weakened considerably in 2018. The country lost the primary surplus to a primary deficit and recorded a 10-year high fiscal deficit of $6.25B. The exacerbated fiscal ... read more
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
According to the Ministry of Finance, personnel costs increased by a yearly 4% to $2.41B by June 2016. In details, this rise in personnel costs can be attributed to the 4% year-on-year incline in payments ... read more
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