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

Lebanon Economy
10-09-2023 | 03:14
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Raed Khoury to LBCI: Urgent reforms needed to restore Lebanon's economy
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Raed Khoury to LBCI: Urgent reforms needed to restore Lebanon's economy

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

LBCI Next
Finance minister signs decree granting August bonus to military personnel
Recommended For You
d-none hideMe
LBCI
Lebanon Economy
2025-11-25

Lebanon's fuel prices slightly increase

LBCI
Lebanon Economy
2025-11-21

Lebanon's fuel prices increase

LBCI
News Bulletin Reports
2025-11-20

Lebanon steps up port security: High-tech scanners aim to block smuggling, strengthen ports

LBCI
Lebanon News
2025-11-20

Lebanon’s finance minister tells LBCI that scanners mark the first phase of a customs overhaul

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-11-12

5.9-magnitude earthquake in Cyprus felt in parts of Lebanon

LBCI
Lebanon News
2025-10-10

Syria suspends work of Lebanese-Syrian Higher Council

LBCI
Lebanon Economy
2025-10-02

Lebanese president signs 2026 draft budget decree, refers it to parliament

LBCI
News Bulletin Reports
2025-09-24

Phones, fingerprints, locations: Israeli technology access raises privacy concerns

Videos
d-none hideMe
LBCI
Lebanon News
2025-10-04

Meet Miss Lebanon 2025 contestants: Video

LBCI
Lebanon News
2025-10-02

Series of Israeli airstrikes spark massive fire in southern Lebanon

LBCI
Lebanon News
2025-09-07

Lunar eclipse captivates Lebanon: watch the stunning video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:00

New warnings emerge: Israel threatens major operation in Lebanon if Hezbollah keeps its weapons

LBCI
Lebanon News
06:02

Lebanon, Cyprus sign maritime demarcation deal, paving way for possible energy exploration

LBCI
News Bulletin Reports
12:59

Hezbollah’s arms and Lebanon’s future: Egypt demands clear steps

LBCI
Lebanon News
08:31

Lebanon seeks World Bank assessment for possible power link with Cyprus: Energy Minister

LBCI
News Bulletin Reports
13:10

A fragile agreement: One year after the Lebanon-Israel ceasefire deal

LBCI
Lebanon News
09:53

PM Salam: Restoring state confidence, addressing Israel withdrawal, reforms, and upcoming elections

LBCI
Lebanon News
05:00

Israeli Channel 7 cites Katz: We do not trust Hezbollah to disarm voluntarily

LBCI
Lebanon News
12:32

FM Rajji criticizes Iran’s Araghchi over Hezbollah remarks, defends national sovereignty

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