Will the housing loans be funded by imposing a 5,000 LBP fee on the gasoline price and by raising the Value Added Tax?
A proposal was presented during the meeting between a number of deputies and Governor of Banque Du Liban held last week, in order to discuss several financial issues including the housing loans crisis and the proposed solutions.
Sources said that the governor criticized during the discussions a concept of imposing a tax on banks to fund the housing loans, noting that this would lower the ranking of Lebanon’s banking sector.
He stated that the sustainable solution would be to impose an additional fee on the gasoline price and the increase the VAT.
These reports have raised controversy across the media outlets and social media platforms.
However, caretaker Finance Minister Ali Hassan Khalil denied any additional taxes in next year’s budget, saying that he did not hear such proposals.
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