MTV Lebanon
MTV Lebanon
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The Public Sector Unions in Lebanon pointed out that there are sufficient financial resources to pay the retroactive effect of the six-year increments for 2026, amounting to millions of dollars, despite claims of a lack of funds. They confirmed that the Lebanese Central Bank's foreign reserves have reached approximately $11.6 billion, with liquidity around $6.6 billion. Public sector deposits in Lebanese pounds are estimated at about $10.3 billion, with a financial surplus exceeding $2.3 billion as of July 2026. The unions posed a question regarding the claims of funds being unavailable, considering that official data indicates the presence of financial resources. They stated that delays in paying rights are contrary to legal and accounting procedures. Legal actions will be taken to halt the postponement of the retroactive payments, along with calls to fight corruption and waste, and to increase oversight of the public sector to ensure the rights of employees, military personnel, and retirees.
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