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1558962466587690100
Mon, 2019-05-27 12:58
BEIRUT: The government of heavily indebted Lebanon formally approved a 2019 budget on Monday that includes deep spending cuts to narrow the projected deficit to 7.6 percent of gross domestic product (GDP) in a bid to stave off financial crisis.
The budget reflected “a real government will to take a corrective path” in state finances and is based on a growth forecast of 1.2 percent this year, Finance Minister Ali Hassan Khalil said in a news conference broadcast live on television.
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