Minister Ali Hasan Khalil speaks during a press conference in Beirut, Friday, June 6, 2014. (The Daily Star/Mohammad Azakir)
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The deficit was estimated at $5.1 billion in 2014 and current expenditures were projected at $13.1 billion, a 4 percent increase compared to an estimated $12.7 billion in current expenditures in the 2013 draft budget, Finance Minister Ali Hasan Khalil told a news conference.Actual current expenditures in 2013, however, amounted to around $12 billion, putting the increase in projected current expenditures in 2014 at 9.1 percent. The projected increase is mainly due to a cost-of-living wage hike and an increase in the number of public sector employees, Khalil said. Revenues in the 2014 draft budget were projected at $9.5 billion compared to a collected $9.4 billion in revenues in 2013 .
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