Fiscal deficit up by 30 percent. Decline in both revenues and expenditures

The public fiscal deficit widened by almost 30 percent to $3.95 billion in 2015, according to the Ministry of Finance (MoF).

The primary surplus fell by 45 percent to $724.6 million. The primary surplus is the deficit without factoring debt service.

Total revenues decreased by 7.5 percent to $9 billion, while total expenditure narrowed by 2.1 percent to $12 billion

Transfers to Electricité du Liban (EDL) plunged by $957 million or 46 percent, due to lower oil prices.<...

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