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FINANCIAL NEWS
Lebanon’s budget deficit grows to 27pct of spending
27 Nov 2016
(MENAFN) Lebanon’s budget deficit increased in August this year to 26.8pct of spending from 23.14 percent in the same period of 2015.
Moreover, total government incomes reached LL10.36tr, an increase of 4.13 percent, whereas spending reached LL14.17tr, recording a rise of 9.45pct.
Additionally, telecom profits, involving cellular and landline networks, increased to 5.49 percent to reach LL1.202tr.
On the other hand, government expenditures were higher with the exception of the allocations to state-owned Electricite du Liban.
More News
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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