13 Hrs
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LBCI Lebanon
Al-Bustani Calls for Budget Reform and Investment in 2027
The article presents the Lebanese government's perspective on the 2027 budget and emphasizes its importance as a foundation for financial reform and investment, while opposing the increase of taxes. MP Farid Al-Bustani pointed out that balancing the budget mathematically does not guarantee the sustainability of public finances, calling for a comprehensive review of revenue sources, expanding the tax base, combating tax evasion, and addressing the informal economy, such as maritime properties. He stressed the necessity of rationalizing spending and improving the efficiency of public institutions, along with increasing investment in infrastructure, energy, and transportation, with the aim of reducing production costs and promoting economic growth. The focus should be on boosting exports and restructuring the banking sector to ensure the sustainability of public debt. The article highlights the importance of making the 2027 budget financially sustainable and ensuring tax justice, while contributing to economic growth instead of relying solely on quantitative financial figures.
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