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Lebanon's public revenues are expected to surge to LL16 trillion ($10.6 billion) in 2014, posting double-digit growth from LL14.2 trillion in 2013, the country's Finance Minister Ali Hasan Khalil predicted in a speech at the opening ceremony of the Union of Arab Banks' annual conference in Beirut.The government has been carrying the financial burden of an estimated 1.5 million Syrian refugees without financial support from the donor community, the minister said.Lebanon's Parliament recently authorized the issuance of $2.42 billion in new eurobonds by the Finance Ministry to meet its foreign currency needs in coming years.Meanwhile, Khalil said the ministry is looking to raise $4.4 billion in 2015 from two to three separate issuances depending on local and international market conditions.
Invest your liquidity wisely, Salameh tells Arab banks
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