lebanese approves 2012 budget
Last Updated : GMT 04:31:43
Arab Today, arab today
Arab Today, arab today

Lebanese approves 2012 budget

Arab Today, arab today

Arab Today, arab today Lebanese approves 2012 budget

Beirut – Georges Chahine

The Lebanese government approved on Wednesday the 2012 state budget draft, referring it to parliament,while Prime Minister Najib Mikati announced that the Special Tribunal for Lebanon (STL) had been funded. Speaking to reporters after chairing the cabinet meeting that approved the budget at the Grand Serail, Mikati said Lebanon transferred its share toward the STL’s funding Wednesday morning in the same manner it did last year. \"Lebanon paid its share of the funding this morning outside of the state budget,” he revealed. \"The funding was transferred the same way as last year and it was not necessarily done through banks,\" he explained without giving further details. \"Lebanon has fulfilled its pledge to fund the tribunal,\" Mikati said. Lebanon’s 2011 contribution towards the tribunal was paid from the budget of the state-run Higher Relief Committee, which operates under the prime minister’s office. Last year’s share of $32.6 million was donated by Lebanese banks. The news came as ministers endorsed the 2012 draft budget after stripping it of all new taxes that were mentioned in the earlier bill. After weeks of debate among ministers, the Cabinet agreed to endorse the draft budget of LL21 trillion ($14 billion) with a projected deficit of LL5.6 trillion, or 26.6 percent. Mikati asserted that the new bill had not raised taxes on luxury items, and hoped to appease the private sector. The bill calls for minor fees on fiscal stamps and a small fee on first-class passenger tickets. \"These fees are quite small and will not have any effect on the public,\" he explained to reporters. Rumours have been circulating that the draft budget would contain taxes on luxury items such as alcohol and tobacco. But the government appeared to drop this option to avoid infuriating a private sector still reeling from a weak tourism season. Speaking in a press conference after the cabinet session, Mikati said that ministers went through all of the 105 items. \"We have approved some of these items, modified some and cancelled the rest. I believe that the government has fulfilled its promise and [has] endorsed all the final figures in the new draft budget,\" Mikati said. The prime minister stressed that the closing of accounts for the previous years will be thoroughly reviewed by the Finance Ministry to ensure their authenticity and accuracy. The closing of accounts became a bone of contention between March 14 politicians and MP Michel Aoun’s bloc, which accused the former PMs Fouad Siniora and Saad Hariri of manipulating these accounts and spending public money without any oversight. The Finance Ministry official admitted that the draft budget was not very ambitious, as it did not contain any significant new elements. According to financial experts, the legislature is not likely to approve it before the end of the year, which is the date of approval for the 2013 budget. If adopted, Lebanon would have the first budget since 2005. Mikati was asked at the end of the press conference about the criticism directed at his government by the March 14 coalition, He responded in one sentence: \"I care for nothing as long as I\'m by God\'s side.\"

arabstoday
arabstoday

GMT 01:56 2017 Wednesday ,22 November

AED51.4b approved for 2018 Federal Budget

GMT 23:41 2017 Tuesday ,21 November

DFM welcomes delegation from Indonesian Stock Exchange

GMT 23:05 2017 Tuesday ,21 November

We must preserve our national gains

GMT 15:25 2017 Tuesday ,21 November

Ratings boost for Saudi reform program

GMT 11:46 2017 Tuesday ,21 November

S&P affirms Saudi Arabia credit ratings

GMT 23:37 2017 Monday ,20 November

Midfield Terminal Building is 86% complete

GMT 22:55 2017 Monday ,20 November

GCC pavilion to showcase at Expo 2020 Dubai
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lebanese approves 2012 budget lebanese approves 2012 budget

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lebanese approves 2012 budget lebanese approves 2012 budget

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday