LBCI

Samir Geagea stresses tax collection as key to resolving financial crisis

Lebanon Economy

05-08-2023 | 04:51

Share

Share

Samir Geagea stresses tax collection as key to resolving financial crisis

2^min

In a statement, the leader of the Lebanese Forces party, Samir Geagea, observed that "the current government majority is striving, by all means, to cover state expenses through the use of mandatory reserves in the Central Bank of Lebanon."

However, according to the statement, this endeavor is entirely misguided, as the mandatory reserve comprises what remains of people's deposits.

Meanwhile, the current ministerial majority should request from the Minister of Finance, who is among its ranks, the collection of taxes and fees of all kinds (airport, ports, electricity, etc.), tackling the estimated annual tax evasion of about a billion dollars, in addition to controlling smuggling and shutting down illegal crossings, it added.

He emphasized that instead of easily accessing depositor funds as it has done in all previous stages, the government majority must fulfill its basic duties by collecting taxes and fees as required, and "this alone is sufficient to resolve the financial crisis."

Lebanon News

Lebanon Economy

Lebanon

Lebanese Forces

Samir Geagea

Government

Mandatory Reserves

Central Bank

Tax

Next

President Aoun emphasizes importance of agricultural sector, highlights efforts to boost exports to Gulf countries

Recommended For You

Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular

Lebanon Economy

07:05

Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular

Lebanon's central bank partners with US firm to boost financial oversight

Lebanon Economy

2025-07-14

Lebanon's central bank partners with US firm to boost financial oversight

Fuel prices shift in Lebanon

Lebanon Economy

2025-07-11

Fuel prices shift in Lebanon

Billions needed, but no plan: Lebanon’s social spending crisis deepens

News Bulletin Reports

2025-07-08

Billions needed, but no plan: Lebanon’s social spending crisis deepens

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Source close to Hezbollah says Israel strike targeted Palestinian affairs official

2025-04-01

Source close to Hezbollah says Israel strike targeted Palestinian affairs official

King Charles to host France's Macron for July state visit to UK

2025-05-13

King Charles to host France's Macron for July state visit to UK

Pregnant journalist Petra Abou Haidar attacked in road rage assault

08:59

Pregnant journalist Petra Abou Haidar attacked in road rage assault

Qatar suspends air traffic as precautionary measure: Statement

Middle East News

2025-06-23

Qatar suspends air traffic as precautionary measure: Statement

Videos

Pregnant journalist Petra Abou Haidar attacked in road rage assault

08:59

Pregnant journalist Petra Abou Haidar attacked in road rage assault

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Most read

24 hours

7 days

Month

Pregnant journalist Petra Abou Haidar attacked in road rage assault

1

Pregnant journalist Petra Abou Haidar attacked in road rage assault

Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees

2

Israeli airstrikes kill 12 in Lebanon's Bekaa, including Syrian refugees

Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular

3

Lebanon's central bank bans interactions with Hezbollah's Al-Qard Al-Hassan: Circular

Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids

4

Lebanese Army arrests 144 Syrians for illegal entry, detains multiple Lebanese suspects in raids

Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability

5

Lebanon's Press Club condemns assault on journalist Petra Abou Haidar, calls for accountability

Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa

6

Airstrikes hit Bodai as Israel targets alleged Hezbollah positions in Bekaa

Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah

7

Israeli defense minister says strikes under way in Lebanon are 'clear message' to Hezbollah

Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords

8

Inside Lebanon's biggest drug lab: Lebanese Army tightens grip on Bekaa drug lords

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