2027 Budget On Track Amid Tight Finances

The article provides a comprehensive overview of Lebanon's 2027 budget project, which was submitted to the Prime Minister's Office at the end of August. The budget focuses on the challenge of financial funding amidst resource scarcity resulting from declining economic activity and the worsening financial crisis, especially after the impacts of the war and unstable economic conditions. The budget heavily relies on increased tax and customs revenues, resorting to new taxes and generating income from maritime properties, in an effort to cover its rising expenses—including salaries and public services—while maintaining financial balance and avoiding uncontrolled deficits. This approach reflects intense financial pressures and underscores the need to improve state revenues through enhanced collection and monitoring capacities, particularly in customs, consumption taxes, and maritime properties, with an emphasis on achieving actual and steady income to address economic challenges.

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