Complex Made Simple

Lebanon’s budget deficit falls to 25.67 percent

The Lebanese finance ministry has said the country's budget deficit fell in the first four months of 2012 to 25.67%, or LL1.6trn ($771m), of spending from 35.51%, compared with the same period a year earlier, The Daily Star has reported. The primary surplus reached LL289bn, excluding the cost of debt servicing, compared to a surplus of LL27bn over the same period in 2011, an increase of LL262bn, the ministry said.