Lebanese government departments must cut 2018 budgets by 20%, PM Hariri says

Lebanese Prime Minister Saad Al-Hariri gives a speech during the opening ceremony of the second “Kuwait Financial Forum” in Kuwait City on October 31,2010. (File Photo: AFP)
Updated 24 January 2018
0

Lebanese government departments must cut 2018 budgets by 20%, PM Hariri says

BEIRUT: All Lebanese government institutions must cut their 2018 budgets by 20 percent as part of the country’s efforts to revamp its struggling economy, Prime Minister Saad Al-Hariri said on Tuesday.
Costs must be reduced “in accordance with the policy of spending rationalization and controlling public finances,” a statement from Hariri’s office said.
Lebanon’s economy has been battered by six years of war in neighboring Syria and by simmering political divisions.
After years of paralysis in government decision-making, Lebanon last year passed its first government budget since 2005.
The government is now trying to finalize the 2018 budget, in which analysts and politicians have said they hope to see serious efforts made to get the state’s finances in order.
Growth slowed from an average of eight percent before the Syrian conflict began in 2011 and the country has one of the world’s highest ratios of debt to gross domestic product, around 140 percent. 2017 growth is estimated to be about 2.5 percent.
The order to slash budgets comes ahead of a major donor conference to be held in Paris in March, at which Lebanon is expected to seek support for its economy and army and to help it deal with the approximately one million Syrian refugees the country is hosting.
The country’s crumbling infrastructure has not been overhauled since the end of a 15-year civil war in 1990 and Lebanon has plans for a 10-year $16 billion capital investment program.
Lebanon recently engaged management consultant company McKinsey to help transform the stagnating economy.
Ministries must present the amended budgets to the finance ministry within two weeks from the decree’s publication.
Hariri is attending the World Economic Forum in Davos, Switzerland this week.


Algeria frees journalist month into one year jail term

Updated 24 January 2019
0

Algeria frees journalist month into one year jail term

  • The journalist was arrested on December 9 during a protest in Algiers
  • He was previously arrested on October 22 on allegations of blackmail

ALGIERS: An Algerian court has released a journalist a month after he was sentenced to one year in jail for taking part in an unauthorised protest, his lawyer said.
Adlene Mellah, who heads the news websites Algerie Direct and Dzair Presse, was arrested on December 9 for attending a rally in support of an imprisoned singer.
He was found guilty of unlawful assembly and sentenced to one year in jail on December 25.
On Wednesday a court in Algiers gave him a suspended six-month sentence and released him on appeal, said the lawyer, Noureddine Benissad.
Mellah was first arrested on October 22 in a separate case of alleged blackmail, before being released a month later.
He still faces charges of blackmail, defamation and invasion of privacy in that case which is due go before a court on February 7.
Media watchdog Reporters Without Borders ranked Algeria 136th out of 180 countries on its press freedom index for 2018.