The Finance Ministry building in Beirut. (The Daily Star/Mahmoud Kheir)
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Lebanon's budget deficit in 2013 rose slightly to 30.94 percent (or $4.2 billion) of spending compared to 29.47 percent (or $3.9 billion) in 2012, the Finance Ministry said Wednesday.According to the statement, the budget deficit rose LL444 billion at the end of last year.Customs revenues reached LL2.157 trillion, decreasing by 4.15 percent while value added tax proceeds stood at LL3.296 trillion, an increase of only 0.62 percent.However, total government expenditures in 2013 reached LL20.563 trillion compared to LL20.081 trillion in the same period of last year, an increase of 2.4 percent.
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