In this file photo, lawmakers convene in Lebanon's Parliament (The Daily Star)
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Parliament's endorsement of a new tax hike law won praise Tuesday from major parliamentary blocs which considered the move vital for maintaining the country's financial and monetary stability, overriding popular discontent with the imposition of taxes.But the tax hikes, designed to finance the public sector's pay rise, were denounced by the Kataeb Party which accused the government of reimposing the same taxes annulled by the Constitutional Council last month with the aim of funding officials' electoral campaigns during next year's parliamentary polls.The Free Patriotic Movement's parliamentary Change and Reform bloc, which also voted for the tax hikes, said that the passing of the salary scale law along with taxes to fund it would ensure financial and social stability in the country.Kanaan, head of the parliamentary Budget and Finance Committee which has sent its final report on the draft 2017 state budget to Parliament, said Lebanon would ratify next week a state budget for the first time in 12 years.
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