2027 Budget Shows Surplus but Calls for Economic Stability
Lebanon's 2027 budget projects a balance on paper only, as it anticipates a more than 20% increase in tax revenues while continuing to rely on internal financing despite weak operational capacity and low productivity in the public sector. The budget appears to show a zero deficit, but in reality, it lacks realism, given the difficulty of achieving revenue based on uncertain assumptions—especially amid the unstable political and security situations. More than half of the expenditures go towards wages and pensions, while less than 11% is allocated to investment, reflecting the ongoing nature of the operational, non-reformist budget and neglecting the need for institutional reforms and efficiency improvements to achieve genuine growth and stability.
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