October 21, 2019 / 1:10 PM / a month ago

Lebanon approves 2020 budget with 0.6% deficit - Hariri

BEIRUT, Oct 21 (Reuters) - Lebanon’s government approved a 2020 budget envisaging a deficit of 0.6% of gross domestic product, with banks set to participate in the deficit-reduction through an amount of 5.1 trillion Lebanese pounds ($3.4 billion), Prime Minister Saad al-Hariri said on Monday.

The government also approved a wider set of reforms including halving the salaries of members of parliament and ministers, Hariri said. (Reporting by Beirut Bureau; Editing by Hugh Lawson)

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