May 8, 2019 / 11:38 AM / 13 days ago

Lebanon parliament speaker says budget only way out of situation- al-Manar

BEIRUT, May 8 (Reuters) - Lebanon’s Parliament Speaker Nabih Berri said the country’s 2019 state budget represents the only opportunity to get out of the current situation, al-Manar television reported on Wednesday.

Berri said government approval of the draft budget, which is now being discussed by the cabinet, would create confidence even before its approval in parliament, al-Manar reported.

Lebanon has one of the world’s highest debt burdens and low economic growth and the finance minister has said the budget includes wide spending reductions. (Reporting By Angus McDowall and Tom Perry Editing by Gareth Jones)

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