Mikati expresses concern over additional deficits that may burden Lebanon's treasury

Lebanon News
18-06-2014 | 10:12
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Mikati expresses concern over additional deficits that may burden Lebanon's treasury
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Mikati expresses concern over additional deficits that may burden Lebanon's treasury
Former Prime Minister Najib Mikati stated on Wednesday that parliament has the right to convene and legislate at any possible time, stressing that the presidential vacuum does not affect parliament's work.

On another note, Mikati mentioned that reports show that the series of ranks and salaries will have a negative impact on Lebanon's national economy, emphasizing that proposals pertaining to funding sources are still being discussed.

In this regard, Mikati expressed his concern that any additional deficit on the country's treasury may affect Lebanon at the international level, calling on Lebanese factions to propose funding sources that do not affect the country's economy.

Former PM Mikati's cabinet endorsed the new salary scale for public employees in 2012, ending a long dispute that had triggered several sit-ins and strikes held by the UCC.

Former President Michel Sleiman signed the decree mid-June 2013 and it was referred to the Joint Parliamentary Committees for further examination, however the law was never passed.

Lebanon News

expresses

concern

additional

deficits

burden

Lebanon's

treasury

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