In a statement on Friday, economic organizations, led by former Minister Mohammad Choucair, praised Finance Minister Yassine Jaber’s decision to reject public loans and actively address the informal economy.
The organizations stated that this decision reflects the minister’s serious commitment to controlling public spending across various ministries, preventing waste, and managing the budget deficit, which has been a major factor in the country’s financial collapse.
They also emphasized that tackling the informal economy has been one of their key demands in recent years. This parallel economy undermines the formal sector, harms competitiveness, and deprives the state of crucial tax revenues, especially at a time when public finances are highly vulnerable.
The organizations expressed full support for Jaber in implementing these measures, seen as fundamental pillars for ensuring the financial sustainability of the national budget.
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