Cabinet Studies EDL Loan, Customs Dollar in New Session
Cabinet convened Monday at the Grand Serail to continue the discussion of the draft state budget.
The session will focus today on social welfare to families in need as Social Affairs Minister Hector Hajjar is expected to submit a proposal today.
The customs dollar will also be studied today as no agreement has been reached yet concerning the LBP to USD exchange rate that will be used to calculate customs on imports. The current rate is 1,500 Lebanese Lira to 1 dollar.
Cabinet will also discuss today a treasury loan to purchase fuel for power generation.
On Saturday, Cabinet had asked Energy Minister Walid Fayyad to justify a treasury advance that his ministry had requested as a funding for Électricité du Liban. The topic was postponed for today for further study.
Cabinet has been meeting since Tuesday to discuss the 2022 draft budget, a prerequisite to unlock the International Monetary Fund aid. It will resume its meetings on Wednesday morning.
Source: Naharnet
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