Banking sources say focus should be on how to stop unlawful and unethical funding of state

Lebanon Economy
2023-08-05 | 08:51
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Banking sources say focus should be on how to stop unlawful and unethical funding of state
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Banking sources say focus should be on how to stop unlawful and unethical funding of state

Banks have entered into the debate regarding how the state's financing from the central bank will continue, expressing surprise that the crisis is being limited to disputes over who should bear the responsibility for continuing the spending from depositors' funds as if the only goal is to find a framework to continue the illegal spending using the remaining deposits at Central Bank.

Banking sources emphasized that the focus should be on how to stop the unlawful and unethical funding of the state from its citizens' funds.

The sources laid a roadmap to avoid touching the remaining depositors' funds, pointing out that the requirement is not to impose new taxes but for the authorities to take the necessary steps to collect taxes. The paralysis affecting its administration hinders those willing to pay their taxes, and all departments that facilitate fee collection should be reopened.

"Is it permissible for the state to forcibly borrow from depositors' funds and not make simple efforts to collect its money from the market?" the sources asked.

Lebanon News

Lebanon Economy

Banks

Lebanon

State

LBCI Next
Bankrupt government: Lebanon faces dire shortage of dollars for salaries and necessities
Samir Geagea stresses tax collection as key to resolving financial crisis
LBCI Previous
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More