Wednesday, July 24, 2019

Passing the 2019 budget: a good first step, World Bank. Tax of three percent to be imposed on imports subject to VAT


Lebanon's passing of the 2019 budget that aims to achieve a significant reduction in the country's fiscal position is a good first step, said Saroj Kumar Jha, Regional Director at the World Bank.

"For a successful outcome, we urge proper implementation of budget measures, as well as continued momentum into the budget of 2020," he said.

Parliament approved the austerity budget amid protests, mainly by army veterans.

The parliamentary Finance and Budget Committee had projected...

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