BEIRUT: Lebanese Prime Minister Saad Al-Hariri said his government would aim to cut the budget deficit to 7 percent of GDP next year as part of reforms to shore up state finances and rein in public debt.
Lebanon also plans to keep the local currency peg to the dollar which was crucial to move ahead with reforms, Hariri told CNBC in an interview.
“So what we are doing is, fixing our debt to GDP, our deficit and the budget to 7.6 percent this year, we want to go down to 7 percent next year, or maybe a little bit less,” he said in the interview aired on Wednesday.
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