News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
25
o
Mount Lebanon
27
o
Metn
25
o
Keserwan
25
o
North
26
o
South
29
o
Bekaa
16
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Yoga
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
25
o
Mount Lebanon
27
o
Metn
25
o
Keserwan
25
o
North
26
o
South
29
o
Bekaa
16
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
The illusion of economic progress: Lebanon's struggle with public sector salaries and customs tariffs
Lebanon Economy
2023-04-13 | 09:37
High views
Share
Share
2
min
The illusion of economic progress: Lebanon's struggle with public sector salaries and customs tariffs
On Tuesday, two key points were proposed on the agenda of the cabinet meeting.
The first was to increase salaries for public sector employees, while the second was to adjust the customs tariff fees.
With the increase in the cost of public sector salaries, the government is once again resorting to raising the customs dollar to cover the deficit.
However, the problem is that the state's revenue is in Lebanese lira regardless of how much money enters the treasury.
Meanwhile, most of the state's expenses are in dollars, including the salaries of the public sector, which are paid through Sayrafa platform.
With the shortage and absence of any dollar revenues, the Banque du Liban (BDL) is burning through what remains of its reserves to cover the expenses of the public sector and the state. This has forced the bank to collect dollars from the market, which raises the price even higher and devalues the salaries. We have been living in the same loop every day since the start of the crisis.
Therefore, neither raising the customs dollar nor increasing salaries is a solution to the public sector crisis. It's a game of fake numbers that the government is using to buy time. In reality, there is no solution but to bring dollars into the country by implementing the known reforms.
Lebanon News
Lebanon Economy
News Bulletin Reports
Illusion
Economic
Progress
Lebanon
Struggle
Public
Sector
Salaries
Customs
Tariffs
Next
Lebanon's Economy Ministry, WFP sign agreement to enhance price transparency and consumer protection
Recommended For You
d-none hideMe
0
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
News Bulletin Reports
2024-04-23
US lawsuit raises stakes for Lebanon's financial institutions
0
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
News Bulletin Reports
2024-04-23
E-governance: Lebanon's Economy Ministry launches online services to expedite procedures
0
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
Lebanon Economy
2024-04-23
Fuel prices slightly increase in Lebanon
0
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
News Bulletin Reports
2024-04-22
Unprecedented situation: Lebanon moves closer to IMF deal with BDL modernization
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
0
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
0
Middle East News
2023-11-18
Hamas Health Ministry: At least 50 killed in bombing of UN school housing displaced people in Gaza
Middle East News
2023-11-18
Hamas Health Ministry: At least 50 killed in bombing of UN school housing displaced people in Gaza
0
News Bulletin Reports
2024-01-27
Lebanon's 2024 Budget: Proposed extraordinary tax targets beneficiaries of BDL's support
News Bulletin Reports
2024-01-27
Lebanon's 2024 Budget: Proposed extraordinary tax targets beneficiaries of BDL's support
Videos
d-none hideMe
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
Lebanon News
09:38
Military operation underway in South Lebanon, claims Israeli Defense Minister
2
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
Lebanon News
09:28
Israeli Defense Minister claims: Half of Hezbollah's leaders in southern Lebanon killed
3
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
Lebanon News
08:59
Israeli army strikes 40 Hezbollah targets in southern Lebanon
4
Lebanon News
03:39
MEA cancels flight amidst strike at Paris CDG airport
Lebanon News
03:39
MEA cancels flight amidst strike at Paris CDG airport
5
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
News Bulletin Reports
12:30
Investigation insights: Here are the key suspects involved in Pascal Sleiman's case
6
Lebanon News
02:07
Israeli army targets potential 'threats' in southern Lebanon, strikes Hezbollah's infrastructure
Lebanon News
02:07
Israeli army targets potential 'threats' in southern Lebanon, strikes Hezbollah's infrastructure
7
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
Lebanon News
12:57
US Asst. Sec. Barbara Leaf highlights acute escalation risks and prospects for de-escalation in Lebanon-Israel conflict
8
Lebanon News
06:24
Middle East Airlines to resume Paris flight despite strike
Lebanon News
06:24
Middle East Airlines to resume Paris flight despite strike
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