May 19 2019 - 13:32
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Cabinet aims to issue treasury bonds to cut debt servicing costs in new budget

The Lebanese government aims to shave around $660 million Lebanon, news ,lbci ,أخبار Budget,Cabinet,The Lebanese government aims to shave around $660 million
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Lebanon News

The Lebanese government aims to shave some 1 trillion Lebanese pounds ($660 million) from debt servicing costs in the draft 2019 state budget through issuing treasury bonds at an interest rate of 1%, the finance minister said on Saturday.

 
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“This matter will happen through coordination between the finance ministry, the central bank and the banks after the budget approval to issue treasury bonds in Lebanese currency in the range of 11,000 billion Lebanese pounds at an interest rate of 1 percent,” Ali Hassan Khalil told Reuters.

 
 

REUTERS

 

For more details, watch the full report in the video above

 

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