REPORT: Had any of the promises made to improve economic situation in 2017 been met?

Bassam Abou Zeid Author: Bassam Abou Zeid
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01-01-2018 | 15:06
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REPORT: Had any of the promises made to improve economic situation in 2017 been met?
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REPORT: Had any of the promises made to improve economic situation in 2017 been met?

2017 was the year of oil, since all the necessary procedures for contracting the blocs 4 and 9 were finalized.

 

It was also a year of financial regularity with the passing of the national budget of 2017, even if overdue; as well as a year of granting the public sector employees their rights with the pay scale.

 

2018 could be holding positive indicators, including signing the oil and gas contracts, passing a new budget with an economic and social vision aiming at reducing the national deficit.

 

The decreasing tension in the neighboring countries could also encourage for further investments.

 
 

For more details, watch the full report in the video above

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Lebanon

Economy

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