Under pressure from donors, Lebanon mulls austerity budget

France 24 | May 15, 2019 at 11:01 AM
  • After decades of civil war and repeated political crises made it one of the world’s most indebted countries, Lebanon is drafting its “most austere” budget to secure billions of dollars in international aid.
  • The World Bank estimates the public deficit reached 11.5 percent of GDP for that year, above the figures for previous years.
  • As the cabinet mulls how to cut expenses in 2019, Lebanese public employees are warning their benefits are a red line.