LBCI

Raed Khoury to LBCI: Urgent reforms needed to restore Lebanon's economy

Lebanon Economy

10-09-2023 | 04:14

Share

Share

Raed Khoury to LBCI: Urgent reforms needed to restore Lebanon's economy

2^min

Former Minister Raed Khoury considered that the political class's reliance on the central bank has led to stagnation and dependence on itself, especially since the bank's function is not to finance it, and there is a complete deficit in the state.

Khoury explained in an interview on LBCI's "Nharkom Said" TV show: "The budget size has become smaller, and only tax collection can be improved to cover its expenses, saying: "We have been patching things up," we must identify the sectors that need privatization to relieve the state's burden."

He also pointed out that the central bank accounts for 90 percent of the depositors' money in the central bank. As for capital controls, he considered it essential at the beginning of the crisis, but today, it must be approved along with three laws related to financial discipline, the budget, and bank restructuring.

He added: "Every day of delay in reforms, we need ten days to compensate for it. So, how about if we talk about four years?"

Breaking Headlines

Lebanon News

Lebanon Economy

Lebanon

Reform

Lebanese

Next

Lebanon updates fuel prices

Recommended For You

Lebanon's fuel prices rise

Lebanon Economy

2026-03-13

Lebanon's fuel prices rise

War pressures costs: How Lebanon's food prices are holding up

News Bulletin Reports

2026-03-11

War pressures costs: How Lebanon's food prices are holding up

Lebanon's fuel prices rise

Lebanon Economy

2026-03-10

Lebanon's fuel prices rise

Lebanon's fuel prices rise

Lebanon Economy

2026-03-06

Lebanon's fuel prices rise

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Kuwait foils Hezbollah-linked cell, arrests 16 suspects

Middle East News

16:39

Kuwait foils Hezbollah-linked cell, arrests 16 suspects

Middle East Airlines statement on flights from March 17 to 19

07:53

Middle East Airlines statement on flights from March 17 to 19

MP Mohammad Raad: Committed to unity, cooperation, and restoring Lebanon’s sovereignty

2026-02-04

MP Mohammad Raad: Committed to unity, cooperation, and restoring Lebanon’s sovereignty

Lebanon fears Israel attack on its infrastructure if escalation with Iran: FM

2026-02-24

Lebanon fears Israel attack on its infrastructure if escalation with Iran: FM

Videos

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Berri halts live broadcast amid parliament salary dispute

2026-01-29

Berri halts live broadcast amid parliament salary dispute

Most read

24 hours

7 days

Month

Israeli army says it began “limited” ground operations in South Lebanon

1

Israeli army says it began “limited” ground operations in South Lebanon

Hezbollah source to Al Jazeera: Israeli operation in Khiam prepares for ground advance toward Litani

2

Hezbollah source to Al Jazeera: Israeli operation in Khiam prepares for ground advance toward Litani

Israeli army begins ground operations in Lebanon: Defense Minister Katz

3

Israeli army begins ground operations in Lebanon: Defense Minister Katz

Middle East Airlines statement on flights from March 17 to 19

4

Middle East Airlines statement on flights from March 17 to 19

Renewed call for evacuation: Israel warns residents of Beirut's southern suburbs

5

Renewed call for evacuation: Israel warns residents of Beirut's southern suburbs

Israeli media sources: No decision to target Lebanese state infrastructure, negotiations no longer a viable option

6

Israeli media sources: No decision to target Lebanese state infrastructure, negotiations no longer a viable option

Speaker Berri, French Ambassador discuss efforts to end Israel-Lebanon conflict, stress 2024 agreement

7

Speaker Berri, French Ambassador discuss efforts to end Israel-Lebanon conflict, stress 2024 agreement

French Ambassador to LBCI: We are continuing to work on a solution, no French initiative yet

8

French Ambassador to LBCI: We are continuing to work on a solution, no French initiative yet

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