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
News Bulletin Reports
2025-11-13

Beirut crackdown: Lebanon to tighten cash transfer controls after US delegation visit

LBCI
Lebanon Economy
2025-11-13

Sources to LBCI: BDL to issue new circular to implement enhanced "E-KYC" procedures for transfers of $1,000 or more within Lebanon

LBCI
Lebanon Economy
2025-11-11

Fuel prices rise again across Lebanon

LBCI
Lebanon Economy
2025-11-07

Lebanese Finance Minister Yassine Jaber: Key projects remain stalled in Parliament

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
News Bulletin Reports
2025-11-15

Leaked Epstein correspondence shows politically sensitive links resurfacing ahead of US elections

LBCI
World News
2025-10-22

US missionary abducted in Niger capital: Diplomatic sources

LBCI
News Bulletin Reports
2025-11-14

Expert assessment: Lebanon's iconic Jeita Grotto cleared for reentry, new restrictions ahead

LBCI
News Bulletin Reports
2025-10-02

Jdeideh landfill reaches capacity: Lebanon faces another garbage crisis

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

Michel Issa's first stop as US Ambassador: Tenure begins with private visit to hometown

LBCI
News Bulletin Reports
12:48

Lebanon, Gaza, and Syria tensions: Israel seeks last-minute changes to Gaza Peace Plan at UN

LBCI
Lebanon News
06:23

UNIFIL: Israeli army fired at our troops inside Lebanon in serious violation of Resolution 1701

LBCI
Lebanon News
11:41

Imad Martinos wins Beirut Bar Association presidency with 2,436 votes

LBCI
Lebanon News
10:09

Election results for Beirut Bar Association: Martinos and Bazerly advance to second round

LBCI
Lebanon News
08:28

Israeli army: Warning shots fired near UNIFIL patrol after mistaken identification in South Lebanon

LBCI
Lebanon News
03:14

Israeli army claims it killed local Hezbollah member in Al-Mansouri, South Lebanon

LBCI
Lebanon News
11:01

A mild 2.8-magnitude quake felt across Lebanon's Bekaa Valley

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