Lebanon’s budget deficit at 11.4 percent of GDP

Lebanon's Prime Minister Hassan Diab speaks during a televised address to the the nation at the governmental palace in Beirut, Lebanon on March 7, 2020. (Reuters)

Lebanon’s budget deficit for 2019 is equivalent to 11.4 percent of GDP, the country’s Information Minister Manal Abdel Samad said on Tuesday.

Lebanese officials had projected a budget deficit for 2019 of less than 9 percent of GDP but later said the figure would likely end up higher because of the country's deep economic crisis.

Read more:

Lebanon’s dollar reserves critically low: Economists

Lebanon PM Diab says government can’t pay its debt, suspends March bond paymen

Last Update: Tuesday, 10 March 2020 KSA 21:27 - GMT 18:27