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Lebanon continues its descent into economic hell

2022-10-03T16:43:37.595Z


Symbol of the decay of institutions: Parliament has just voted the budget for… 2022. Beirut The terrible toll of the shipwreck - 97 dead, including 24 children and babies - on 21 September in Syria of a makeshift boat coming from northern Lebanon, with candidates for illegal emigration on board, is a new consequence of the tragedy that strikes Lebanon. An endlessly failing economy. Last week, when it should be preparing to discuss the finance law for 2023 as part of a stabilizati


Beirut

The terrible toll of the shipwreck - 97 dead, including 24 children and babies - on 21 September in Syria of a makeshift boat coming from northern Lebanon, with candidates for illegal emigration on board, is a new consequence of the tragedy that strikes Lebanon.

An endlessly failing economy.

Last week, when it should be preparing to discuss the finance law for 2023 as part of a stabilization and recovery program negotiated with the International Monetary Fund (IMF), Parliament ended up voting the budget for the year… 2022.

Three years after the outbreak of a historic crisis, the government shows no intention of seizing the controls of the crashing plane.

He is just making a few adjustments to keep pace with rampant inflation and devaluation.

These include raising tax rates and brackets to continue to collect a minimum of public revenue and maintain a semblance of a state…

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Source: lefigaro

All news articles on 2022-10-03

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