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BEIRUT (Reuters) - Lebanon will declare an economic emergency and the government has begun work on a plan to accelerate public finance reforms, its prime minister said on Monday.
Saad al-Hariri also said the policy of keeping stable the Lebanese pound, which is pegged to the dollar, would continue.
Cabinet ministers, politicians and lawmakers who met on Monday reached consensus on an outline for a plan that would put public finances and the economy on a more sustainable path, Hariri said.
“There is agreement to announce a state of economic emergency,” Hariri said.
“This difficult economic situation requires us taking speedy measures such as finishing the budget on time and reducing the deficit” Hariri told reporters after the meeting that President Michel Aoun also attended to address a worsening economic situation.
Saad al-Hariri also said the policy of keeping stable the Lebanese pound, which is pegged to the dollar, would continue.
Cabinet ministers, politicians and lawmakers who met on Monday reached consensus on an outline for a plan that would put public finances and the economy on a more sustainable path, Hariri said.
“There is agreement to announce a state of economic emergency,” Hariri said.
“This difficult economic situation requires us taking speedy measures such as finishing the budget on time and reducing the deficit” Hariri told reporters after the meeting that President Michel Aoun also attended to address a worsening economic situation.
