par Liliane Mokbel, 30/01 21:33 - Reading : 3 minute(s)
The issue of the bank dollar exchange rate remains unresolved. Parliament withdrew from this task during the review of the 2024 Budget, while the Central Bank of Lebanon (BDL) is taking its time to decide on the matter. The acting governor of the Central Bank of Lebanon, Wassim Mansouri, is expected to arrive in Beirut from Paris on Tuesday ...
par Marguerita Sejaan, Aubin Eymard, 31/01 19:55 - Reading : less than a minute
The Association of Petroleum Importing Companies declared its refusal of the new 2024 budget, which imposes a 10% tax on its total turnover. This paints a worrying picture for Lebanese people who are anxious about another fuel crisis.
par Christiane Tager, 31/01 23:11 - Reading : 5 minute(s)
A 10% "extraordinary tax" imposed on businesses benefiting from the government's subsidy policy, introduced at the last minute into the 2024 budget, sparked widespread anger. Unions and economic organizations alike denounce it as an arbitrary and, mostly, “unfair” penalty. After oil-importing companies suspended fuel deliveries since ...
par Maurice Matta, 06/02 09:00 - Reading : 4 minute(s)
As expected, Parliament Speaker Nabih Berri signed the draft law for the 2024 budget and transferred it to the Caretaker Prime Minister. All eyes are now on the final budget draft, which will most probably be published in the official gazette this week. According to certain information, the Lebanese Forces bloc formed a smaller parliamentary ...
15/02 11:16 - Reading : less than a minute
On behalf of the Strong Republic Bloc, MPs Ghassan Hasbani, Georges Okais, and Razi el-Hage will file a summons before the Constitutional Council to challenge the 2024 budget law at 1:00 PM on Thursday. The law was published in the Official Gazette this morning. Additionally, the appeal will be registered in the Council's registry on February 15, ...
par This Is Beirut, 15/02 20:49 - Reading : 4 minute(s)
The World Bank's Board of Directors approved on Wednesday a $34 million project to assist Lebanon in restoring essential budget management functions within the public administration. This initiative aims to reinstate public services, ensure citizen welfare and facilitate sustainable economic recovery. According to a communiqué issued by the ...
par This Is Beirut, 16/02 22:08 - Reading : 2 minute(s)
The board of directors of the 'Mouvement international des chefs d'entreprises libanais', or the international movement of Lebanese heads of enterprises (MIDEL), under the chairmanship of Fouad Zmokhol, discussed the 2024 budget, recently approved by Parliament, and its application to private sector companies. Participants pointed out that "taxes ...
par This Is Beirut, 29/04 12:52 - Reading : 2 minute(s)
In its report on "Lebanon's Poverty Outlook," the World Bank (WB) considers that the budget for fiscal year 2024 represents "a missed opportunity to adopt the necessary changes to the budget and fiscal policy," even though the latter plans to reduce the budget deficit to zero and achieve revenues of 17.3% of gross domestic product (GDP) in ...
par Johnny Kortbawi, 09/07 09:00 - Reading : 3 minute(s)
The public bidding that took place between MTV and LBC for the rights to broadcast basketball games for the next four years has set a precedent for broadcast rights in Lebanon. This comes after years of secret bidding or brokerage that occurred under some mandates. The federation decided that the bidding would be public and mediatized to ensure ...
par This Is Beirut, 16/07 14:42 - Reading : less than a minute
Caretaker Finance Minister, Youssef Khalil, on Tuesday, reiterated his ministry’s “commitment to submitting the 2025 budget within constitutional deadline.” In an administrative meeting devoted to assessing the stages reached in preparing the budget, in light of meetings with economic officials and international donors, Khalil reaffirmed ...
