Hariri Says 'Unlike Other Countries', Lebanon Taking Measures 'before Crisis'

W460

Prime Minister Saad Hariri announced Thursday that “the best decision we have taken in Lebanon is carrying out steps to address the deficit and austerity measures before the eruption of the crisis.”

“Other countries were obliged to take tougher, severer and more painful measures because they waited for the crisis to happen before beginning reforms,” Hariri said at the beginning of an ordinary Cabinet session at the Grand Serail.

“We should be able to manage the steps in a manner that protects the economy and citizens,” he added.

“Our situation in Lebanon remains reassuring and confidence in our economy, financial and monetary stability and the future of growth remains in place as long as we take the necessary measures,” Hariri pointed out.

Addressing the components of his government, the premier added: “This is a responsibility that falls on us all in Cabinet and parliament, and its basis is consensus among all political forces represented in the government over the measures that will be included in the state budget and on their proper implementation.”

Hariri also highlighted the “positivity” that the electricity plan's approval has created in financial and monetary markets and on “the confidence of investors in the future of the Lebanese economy.”

“It was the first sign of the government's seriousness about lowering budget deficit, fighting the waste of public money and implementing what we committed to at the CEDRE conference,” the PM went on to say.

SourceNaharnet
Comments 4
Thumb whyaskwhy 11 April 2019, 23:49

Hes such a great manager hes come up with a way to divert Lebanon's economic crisis. The PM said that his government will actually give back all the billions they misappropriated years ago in the name of patriotism and civility. The PM then lit a long doobie and was signing to Bob Marley's Gunja song...
Whoo, ganja ganja
Whoo, ganja gun
Whoo, ganja ganja

Missing Geralt 12 April 2019, 13:01

Kaya song my dear fellow...

Got to have kaya now
Got to have kaya now
Got to have kaya now
For the rain is falling

I'm so high, I even touch the sky
Above the falling rain
I feel so good in my neighborhood, so
Here I come again

Thumb justice 12 April 2019, 09:18

A delusional incompetent nobody

Thumb thepatriot 12 April 2019, 10:44

A totalload of BS!
Lebanon is the 3rd most indebted country in the world. We have been in this mess for over two years! What the hell is he talking about "carrying out steps to address the deficit and austerity measures before the eruption of the crisis.” ???

https://www.focus-economics.com/blog/countries-with-the-most-public-debt