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January 01, 1998 | Arabic & English | Said Hitti, Rana Houry, Kamal Shehadi
A Framework for Reducing the Lebanese Budget Deficit - The Lebanese Economic Tribune (LET)

Reviews the proposals for the 1998 budget and presents a framework for eliminating the budget deficit over four years from 1998 to 2001. The paper seeks to inform the public about the budget proposal and clarify the relationship among the fiscal deficit, interest rates, capital inflows, the level of reserves and the exchange rate level.
In collaboration with the Economic Development Institute (EDI) of the World Bank,

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