17 Mar 2016
(MENAFN) Lebanon’s fiscal deficit extended by 28 percent to USD 3.95bn last year, the deficit increased almost USD 1bn despite fall in energy costs
.
Moreover, the fall in energy costs reduced government payments to Lebanon’s elect generator and distributor EDL by 45 percent.
Additionally, other factor for the growth in deficit was that revenues in 2015 were boosted by a one-off transfer of accumulated telecoms receipts.
The country’s economy increased by an annual average of 8 percent in the years leading up to 2011 and the growth dropped at 1.4 percent.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more