Safadi: Public debt interest exceeds $3.6 billion annually

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25-02-2012 | 08:53
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Safadi: Public debt interest exceeds $3.6 billion annually
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Safadi: Public debt interest exceeds $3.6 billion annually
Finance Minister Mohamed Safadi announced that the general public debt interest  is very high, exceeding USD 3.6 billion annually.         

Minister Safadi was speaking during a lecture he delivered entitled "Lebanese Economy in the Year 2012 - New Challenges and Horizons", organized by Holy Spirit University-Kaslik- Business Administration Faculty on Thursday.         

Safadi also declared that the ministry is about to put forward a new budget project law that takes into consideration all witnessed amendments.         

The minister also considered that the current situation in Syria has led to a decrease in Lebanese exports to Syria and, as such, to other Arab countries. However, he noted, the negative impact of incidents has not reached a dangerous level.         

The lecture was followed by a dialogue between the minister and Business Administration and Economy Faculty students.  

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Public

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