Lebanon’s parliament approves country’s first budget since 2005

Posted on:21 Oct 2017 11:18:49
Lebanon’s parliament approves country’s first budget since 2005
21 October 2017 Current Affairs: Lebanon’s parliament approved country’s first budget in 12 years.

It is aimed towards reforming the fragile economy and preventing rising debt from becoming a crisis-like situation.Political crisis gripped Lebanon since the assassination of former Prime Minister Rafik al-Hariri in 2005, thereby preventing the successive government from passing the budget.

This year’s budget was considered a necessity to bring the Lebanese economy on track which has been negatively affected by the inaction of previous Governments and also by six years of war in neighboring Syria. 

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