Jumblat: Finalizing Budget More Important than Futile Debate

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Progressive Socialist Party leader ex-MP Walid Jumblat on Thursday called for finalizing the stalled 2019 state budget.

Lamenting that the PSP's recommendations on seaside properties and a progressive taxing system were rejected by the majority of political forces, Jumblat tweeted that “finalizing the budget is more important than impeding it or engaging in a futile and obstructive debate.”

“It's about time we reached a result in order to discuss the 2020 budget,” he urged.

The Cabinet has held around 17 sessions to finalize the budget and several parties have accused Foreign Minister Jebran Bassil of hindering the discussions with side proposals.

Lebanon has vowed to slash public spending to unlock $11 billion worth of aid pledged by international donors during an April 2018 conference in Paris.

Last month, Hariri vowed to introduce "the most austere budget in Lebanon's history" to combat the country's bulging fiscal deficit, sparking fears among public sector employees that their salaries may be cut.

Lebanon is one of the world's most indebted countries, with public debt estimated at 141 percent of GDP in 2018, according to credit ratings agency Moody's.

SourceNaharnet
Comments 2
Missing rabiosa 23 May 2019, 16:49

Like a true progressive, they just love to tax the bejesus out of everything and then have the state run every industry and spend spend spend.

I think it's PSP, the Commies, the Islamists, the Arabists who are totally against privatization of any state owned industry.

I might be wrong or missed someone.

Thumb whyaskwhy 24 May 2019, 15:55

All are failed systems and have shown that since they could metamorphoses with the times have become case histories of past political parties in university political studies...
What we need is a non aligned party that looks at Lebanon and its future in a more progressive way than what we currently have. The government has been consistent in one thing and that it fails to try and change its ways and treats its department as a fiefdom to serve the interest of the the minister in charge. Did we not just see the Chicken Coup scenario a short while back?