LBCI

Minister Ali Hassan Khalil: Cabinet will begin this week discussing draft budget

Lea Fayad

Author: Lea Fayad

Breaking Headlines

08-04-2019 | 06:06

Share

Share

Minister Ali Hassan Khalil: Cabinet will begin this week discussing draft budget

LBCI

Watch now

More details about online video viewing packages

2^min

Minister of Finance Ali Hassan Khalil said on Monday that the deficit rate increased by 3.5%, stressing the need to reduce the deficit to an acceptable level.

The minister’s comments were made during a conference at the Notre Dame University-Louaize whereby he said that the growth rate did not reach 1.5% last year.

He also stressed that the Lebanese lira is not collapsing but faces challenges, adding that Lebanon is still able to take all measures to meet its international obligations.

On another note, he said that the country imports goods at a cost of 19 billion dollars and all of its exports do not exceed 3 billion dollars, which makes the fiscal deficit reach 15 to 16 billion dollars.

He noted that the delay in forming the new government deferred the work on the state’s budget, adding however that the Ministry of Finance had submitted the budget within the constitutional deadline in August.

He also announced that the Cabinet will begin this week discussing the draft budget for approval.

To watch the full report, please click on the video above.

Breaking Headlines

Lebanon

Budget

Finance

Next

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Recommended For You

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Breaking Headlines

2026-06-22

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Fuel prices decrease in Lebanon

Lebanon Economy

2026-06-19

Fuel prices decrease in Lebanon

Beirut port disaster remains unsolved five years after deadly blast

News Bulletin Reports

2026-02-12

Beirut port disaster remains unsolved five years after deadly blast

Israeli army plans bridge strikes to disrupt alleged Hezbollah operations

2026-04-03

Israeli army plans bridge strikes to disrupt alleged Hezbollah operations

Arzi municipality urges residents to seek safety after evacuation calls

2026-03-23

Arzi municipality urges residents to seek safety after evacuation calls

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

1

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

Rain in August? Sudden weather shift surprises Lebanon: Video

2

Rain in August? Sudden weather shift surprises Lebanon: Video

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

3

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

4

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

5

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

6

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

Waste crisis or new tax? Lebanon’s environmental fee raises questions

7

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Etna eruption extends closure of Sicily's Catania airport until Saturday

8

Etna eruption extends closure of Sicily's Catania airport until Saturday

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More