48 Days
Source:
لبنان ٢٤
Lebanon salary hike prompts funding concerns
A report by "Al Araby Al Jadid" highlights the Lebanese Parliament's decision to approve six additional salaries for public sector employees with retroactive effect, despite concerns about the mechanism for funding them and their sustainability amid the financial crisis. Funding the increase requires approximately 56.5 trillion Lebanese pounds (about 10.5% of the budget), which is currently dependent on an additional tax on gasoline, though this does not cover the entire cost. These raises are viewed as part of a gradual plan extending until 2026, but they remain linked to the government's ability to secure funding, with ongoing discussions about new sources of financing such as raising VAT taxes—raising fears that these increases may remain temporary and subject to change.
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