Real estate related economic and financial news covering the MENA region.
Lebanon cabinet set to endorse budget following debate
Jul 12, 2012
The Lebanese economy and trade minister, Nicolas Nahhas has said the cabinet is set to endorse an amended 2012 draft budget after a constructive debate among the ministers Tuesday, The Daily Star has reported. ôWe hope to conclude all the discussions on the draft budget on Wednesday or Thursday at the latest. All indications show that the bill will pass without any hindrance,ö Nahhas said. The draft budget will not include any new taxes, but it may call for fees on certain items such as tobacco, cigarettes and alcoholic beverages, the report said.