An employee counts money at a bank in Beirut, Tuesday, Oct. 28, 2014. (The Daily Star/Mohammad Azakir)
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Across the capital Thursday, Lebanese expressed a mixture of resignation, criticism and a sprinkle of guarded hope regarding the prospect of the first state budget in a decade.Several passers-by interviewed by The Daily Star argued that a new state budget would not have a significant effect on the average Lebanese citizen, citing the pervasiveness of graft and crippling government inefficiency.The car parts dealer's opinion was shared by Assistant Professor of Economics at the American University of Beirut Hossein Radmard. He told The Daily Star that education, health care and social security were the main services affected by a public budget, adding that the extent to which households rely on these public goods depends on socioeconomic factors.Professor of Financial Economics at AUB, Simon Neaime, described the devastation on Lebanon's society after 11 years without a budget.Shahin said that a public budget would allow for proper estimations of required state revenues, of which direct taxes on Lebanese make up a large segment.
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