Gaspard, right, says 60 percent of bank assets are linked to the public sector, exposing the banking sector to high risks.
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Economists Tuesday said the government should combat corruption, put a lid on the hiring of more staff in public departments and set a ceiling for the expenditures of government agencies.Gaspard's remarks came during a dialogue session held by the Lebanese Economic and Social Council to discuss the need for urgent reforms to save the country from an imminent economic and financial crisis.Gaspard also noted that 60 percent of bank assets are linked to the public sector, which exposes the banking sector to high risks.Gaspard emphasized the need to improve the quality of public education.Economist Sami Nasr reiterated Gaspard's suggestion to set a ceiling for the deficit in all public institutions including Electricite du Liban.Nasr emphasized the need to reform the public administration by taking several measures, including the abolishment of unnecessary contracts in public posts.
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