REPORT: Lebanese state pays enormous amounts to official organizations

News Bulletin Reports
28-12-2012 | 14:50
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REPORT: Lebanese state pays enormous amounts to official organizations
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REPORT: Lebanese state pays enormous amounts to official organizations

Energy Minister Gebran Bassil submitted during the last cabinet session his proposal for the allocations of the Petroleum Administration Committee’ members.

The proposal came as follows:
  • Basic salary: LBP 22,000,000
  • Housing allowance: LBP 3,000,000
  • 1/6 of the monthly allocations as a compensation for solely working on the fuel file during the specified period
  • In total, each member in the Petroleum Administration Committee will be receiving every month a LBP 33,000,000 ($22,000) salary.

These allocations are similar to those granted to the Financial Markets Authority's members.

Their allowances are divided as follows:
  • Basic salary: LBP 26,000,000 (16 salaries per year)
  • 10% of the basic salary as representation fees, plus transportation allowance and compensations
  • Total salary per month: LBP 33,000,000
  • Plus, education allowance for each child of the authority's members: LBP 6,000,000 for school students and  LBP 10,000,000 for university students.

Such is the case also of the Banking Control Commission's members. Their allocations are as follows:
  • Basic salary: LBP 12,000,000 (16 salaries per year)
  • Transportation allowance, representation fees and compensations
  • Total salary per month: LBP 33,000,000

The members of the commission profit as well from the opportunity to borrow from banks 8 times the amount of their salaries with an interest of 2%-4%. They also receive $ 1100 for each day of work outside Lebanon.

News Bulletin Reports

Lebanese

state

enormous

amounts

official

organizations

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