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Lebanon budget blow-out
- Lebanon: Tuesday, October 10 - 2006 at 07:27
Lebanon's budget deficit will blow out to 13.8% this year from 8% in 2005, according to an IMF projection. The IMF had believed the Lebanese economy was on track to grow 5% at the end of H1 2006, before the recent conflict before Israel and Hezbollah, Reuters reported. Next year, the IMF projects a deficit of more than 15% of GDP.
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James McInerney, News EditorTuesday, October 10 - 2006 at 07:27 UAE local time (GMT+4)
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This article was updated on Thu Jun 21 2007.
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