Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the ...
BEIRUT - Lebanese Prime Minister Saad al-Hariri said his government would aim to cut the budget deficit to 7% of GDP next year as part of reforms to shore up state finances and rein in public debt.
Lebanon also plans to keep the local currency peg to the dollar which was crucial to move ahead with reforms, Hariri told CNBC in an interview. The prime minister also said that “keeping the Lebanese pound at 1,500” is the only stable way to proceed with the government’s reforms.
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