Lebanon’s Finance Ministry has said the country’s budget deficit has narrowed to £Leb3 trillion ($2bn) in the first nine months from £Leb3.35 trillion in the same period last year, as the government spent less on subsidising its main electricity generating company, Bloomberg has reported. The government spent £Leb492.6bn less on subsidies for Electricite du Liban, the ministry said. Lebanon had a budget deficit of £Leb4.46 trillion last year and a £Leb4.4 trillion shortfall in 2008, averaging about 9.7 per cent of gross domestic product.