Tag Archives: Lebanon eyes austerity package to slash deficit

BEIRUT: Lebanon is set to impose austerity measures to combat its bulging fiscal deficit, Prime Minister Saad Hariri said on Wed­nesday, warning of an economic “catastrophe” if public spending keeps rising. “As a government, we are required to issue the most austere budget in Lebanon’s history because our financial position doesn’t allow us to increase spending,” Hariri told reporters after …

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