June 24, 2019 / 10:54 AM / 3 months ago

Lebanon must send message "of seriousness" by approving budget -finmin

BEIRUT, June 24 (Reuters) - Lebanon’s finance minister said on Monday it was important the government send a “clear message of seriousness” in the coming days by approving the 2019 state budget that aims to slash the deficit.

The budget, approved by cabinet last month, is being debated in parliament and aims to narrow the projected deficit to 7.6% of GDP from 11.5% last year.

Finance Minister Ali Hassan Khalil, in comments to Reuters, also said an International Monetary Fund mission had arrived in Lebanon to prepare an Article IV report on the financial and monetary situation in the country. (Reporting by Laila Bassam Writing by Tom Perry Editing by Mark Heinrich)

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