Governmental bailout sheet main items

The cabinet’s parties have reached an agreement regarding a rescue plan for the “governmental family”, in order to be able to overcome all the complications, chief among which the spending issue, on the basis of the state’s higher interest, its sustainability.           

The Minister of Economy and Trade Nicolas Nahas told LBCI, that on Thursday, an agreement on specific mechanisms will take place, so that no hurdles would hinder the effectiveness of the government, in order to be able to meet the people’s needs.         

Sources have told LBCI that the agreement sheet includes four main points: the spending issue, the appointments, passing a number of laws such as budget, electoral law and development projects in many regions like Tripoli.              

Nahas stressed that a mechanism to finance the state must be implemented, awaiting the issuance of the budget.             
The agreement is expected to be done on Thursday and implemented later on, starting with the approval on reducing the sum of 4.9 trillion LBP to 3.5 trillion LBP by crossing out the Public debts’ interests.