Cabinet begins successive sessions to pass 2023 state budget
The caretaker Cabinet convened Monday at the Grand Serail to discuss the much delayed 2023 state budget.
The Council of Ministers’ General-Secretariat received the budget draft law from the Finance Ministry last week, and cabinet will hold successive sessions to discuss and approve it.
The budget exchange rate will be Sayrafa's rate, MTV reporter Joyce Akiki said.
Mired in a crippling economic crisis since 2019, Lebanon has been governed by a caretaker cabinet for more than a year and without a president for more than eight months.
The FPM ministers have been boycotting the caretaker cabinet sessions, claiming that cabinet can not convene without a president.
Last year, parliament passed the 2022 budget in September as debates over the customs exchange rate delayed the budget approval.
The 2022 budget set the dollar exchange rate at 15,000 pounds to the dollar -- less than half its rate on the black market then -- contravening calls by the IMF to unify the various dollar exchange rates functioning across the country.
Source: Naharnet
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