Lebanese Prime Minister Saad Hariri said his approach to reform would not follow the tactics employed by other leaders in the region.
Lebanon is targeting a budget deficit of 7% next year, from 11.5% last year, in order to stabilize the country's economy and bring it back from the brink of collapse.In a country with 18 religious groups, all of which are represented in parliament, where sectarian divides are put aside in order to govern, ruling with an iron fist is not an option.
In order to enact the proposed reforms, the country will have to focus on austerity measures like a state hiring freeze and higher taxes on imported goods. These cuts could lead to demonstrations, the prime minister told CNBC's Hadley Gamble in an exclusive interview which aired Wednesday.
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