Jun 01 2019 - 13:15
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Lebanon needs financing to keep 'show on the road' - Fitch

After Lebanon’s cabinet approved the budget Lebanon, news ,lbci ,أخبار Fitch, Budget,Lebanon,After Lebanon’s cabinet approved the budget
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Lebanon News

After Lebanon’s cabinet approved the budget, global financial ratings agencies issued reports analyzing the state budget.

 
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A report by Fitch Ratings said “Lebanon’s plan to bring its budget deficit back into single digits is a step in the right direction, but it needs to regain market access to keep default concerns at bay.”

 

While it said that implementation of the “pretty ambitious” budget was key, Fitch expects Lebanon’s 2019 deficit to be around 9%, higher than the government’s forecast.

 
 

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

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