The Lebanese Parliament approved the 2024 budget law, within the constitutional deadline. The government is awaiting the signing of its decree in the government.
Experts agree that it is a budget without an economic vision and does not include radical reforms. The 2024 budget perpetuates the “lack of tax justice” by basing most of its revenues on indirect taxes that affect all citizens, they say. It also did not address measures to help address the losses of the banking system, which Lebanon estimated in 2021 at about $70 billion.