A senior adviser to Lebanese Prime Minister Saad al-Hariri on Thursday denied th...
FILE PHOTO: Nadim Munla, Lebanese Prime Minister Saad al-Hariri's senior adviser, poses for a picture during an interview with Reuters in Beirut, Lebanon March 22, 2018. REUTERS/Mohamed Azakir/File Photo
Nadim Munla said comments by Hariri to parliament this week about IMF proposals including currency flotation referred to “general recipes” that the fund recommends to governments, rather than specific recommendations for Lebanon. Hariri had made his comments at the start of a three-day parliamentary session expected to approve a budget that aims to slash the deficit as a step toward putting the heavily indebted country’s finances on a sustainable path.
In its statement after a regular Article IV review, the IMF said this month that Lebanon should raise value-added tax and increase fuel excise duty as well as trying to increase tax compliance to raise more revenue.
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