Lebanon’s parliament approves country’s first budget since 2005
October 21st, 2017
Lebanon’s parliament approved country’s first budget in 12 years. It is aimed towards reforming the fragile economy and preventing rising debt from becoming a crisis-like situation.Political crisis gripped Lebanon since the assassination of former Prime Minister Rafik al-Hariri in 2005, thereby preventing the successive government from passing the budget. This year’s budget was considered a necessity to bring the Lebanese economy on track which has been negatively affected by the inaction of previous Governments and also by six years of war in neighboring Syria.