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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
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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