Central Bank Gov. Riad Salameh during a Euromoney conference at the Four Seasons Hotel in Beirut, June 25, 2019. (The Daily Star/Mohamad Azakir)
A previous version of this article stated that the deficit-to-GDP ratio of 2018 was 11.71 percent when it was in fact 11.1 percent. The Daily Star regrets this error.
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Lebanon has had zero percent growth so far in 2019 but the prospects for its economy are set to improve, Central Bank Gov. Riad Salameh said Tuesday.The budget deficit officially stood at 11.71 percent of GDP in 2018 compared to 9.28 in 2017, the Finance Ministry said, finally releasing the overdue results Monday.Parliament's Finance and Budget Committee is currently reviewing the draft 2019 state budget after Cabinet approved the document following 20 sessions of negotiations.
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