403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Lebanon's financial deficit spread by 28 percent to USD 3.95bn
(MENAFN) Lebanon's fiscal deficit extended by 28 percent to USD 3.95bn last year, the deficit increased almost USD 1bn despite fall in energy costs
.
Moreover, the fall in energy costs reduced government payments to Lebanon's elect generator and distributor EDL by 45 percent.
Additionally, other factor for the growth in deficit was that revenues in 2015 were boosted by a one-off transfer of accumulated telecoms receipts.
The country's economy increased by an annual average of 8 percent in the years leading up to 2011 and the growth dropped at 1.4 percent.
.
Moreover, the fall in energy costs reduced government payments to Lebanon's elect generator and distributor EDL by 45 percent.
Additionally, other factor for the growth in deficit was that revenues in 2015 were boosted by a one-off transfer of accumulated telecoms receipts.
The country's economy increased by an annual average of 8 percent in the years leading up to 2011 and the growth dropped at 1.4 percent.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment