Lebanese PM: new budget start of 'a long road' to economic safety

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Lebanese PM: new budget start of 'a long road' to economic safety
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The Lebanese draft state budget for 2019 is the start of a 'long road'...

BEIRUT - The Lebanese draft state budget for 2019 is the start of a “long road” and shows Lebanon is determined to tackle public sector waste, Prime Minister Saad al-Hariri said, after his unity cabinet wrapped up marathon talks on the plan.

“The 2019 budget is not the end. This budget is the beginning of a long road that we decided to take in order to lead the Lebanese economy to safety,” Hariri said in a speech at a Ramadan iftar meal on Saturday. “The 2019 budget is the beginning of the process of what we want to do in 2020, 2021, 2022 and 2023,” he said, according to a transcript of his remarks sent by his office.

Hariri said the budget was a message to the Lebanese, financial markets and friendly foreign states that Lebanon was determined to “address the weakness, imbalance and squander in the public sector”.

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