Lebanon's cabinet made 'important' progress on Sunday in its deba...
FILE PHOTO: Finance Minister Ali Hassan Khalil is seen at the presidential palace in Baabda, Lebanon February 19, 2018. REUTERS/Mohamed Azakir/File Photo
The deficit was 11.2% of gross domestic product in 2018. Lebanon has one of the heaviest public debt burdens in the world at around 150% of GDP. “We reached a very encouraging and important result”, Khalil told reporters after a late night cabinet meeting. “With some additional decisions ... we got to this deficit”, he added.
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