Lebanon’s 2019 deficit much bigger than expected: Finance Minister

Minister of Finance Ali Hassan Khalil speaking in Lebanon on March 30, 2017. (File photo: AP)

Lebanon’s 2019 budget deficit will be much bigger than expected owing to a “very concerning” decrease in state revenues, caretaker finance minister Ali Hassan Khalil said on Wednesday, as the country struggles with a deep financial crisis.

Khalil said Lebanon, which has been swept by protests since Oct. 17, is facing serious difficulties financing the state, in remarks to reporters aired on broadcaster LBCI.

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Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54
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