Ministers gear up for battle over budget
Written by Najib

 

BEIRUT: Lebanon’s 2015 deficit is projected to reach $5 billion as the economy grows by 2.5 percent, the government was told Thursday during a session to discuss the draft budget, with ministers set to decide next week whether to approve the budget along with a public sector salary scale.

Addressing the Cabinet, Finance Minister Ali Hasan Khalil said that the budget deficit would reach $5 billion, compared to a deficit of $3.94 billion in 2014.

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