Lebanese information minister, Tariq Mitri has said the cabinet has approved a draft 2010 budget, the first budget to be endorsed in five years by a government, Bloomberg has reported. The budget calls for a 15.5% increase in expenditures and forecasts a deficit of $4bn, or 10.7% of gross domestic product, compared with 8.6% last year. The budget must now be sent to parliament for discussion, and if approved, it would become the first budget ratified since 2005.
You might also like...
Contractors win Oman Etihad Rail packages
23 April 2024
Saudi market returns to growth
23 April 2024
Middle East contract awards: March 2024
23 April 2024
Swiss developer appoints Helvetia residences contractor
23 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.