13 Hrs
Source:
Lebanese Forces
Party Conflicts Impact Economy
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Lebanon is facing a severe economic and living crisis resulting from the intertwined regional conflicts and their global impacts. The rise in oil prices, decreased remittances from expatriates, along with a decline in tourism and the halt of many economic sectors, have led to a significant deterioration in the financial situation, with public revenues dropping by up to 35%. The government is struggling to implement fundamental solutions due to the worsening living conditions, and the security and political crises are closely tied to the economic decline. The solution requires strengthening state authority, disarming “the party,” and transferring its weapons to the army to ensure stability is restored and financial hemorrhaging is halted, while continuing efforts for economic and developmental reform.
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