Lebanon War Costs Could Surpass $27B

Prime Minister Nawar Salameh emphasized that Lebanon is going through a critical period due to the recent two wars, which cost the country over $27 billion and resulted in approximately 9,000 martyrs and 30,000 wounded. Additionally, more than one million people have been displaced, and tens of thousands of homes have been destroyed. He pointed out that the economy contracted by 6.4% this year, following a growth of 4.2% last year, amidst high inflation, a decline in tourism, and expatriate remittances. He stressed that the government has made significant efforts to provide humanitarian aid, restore essential services, and create conditions for the safe return of displaced persons, despite limited resources and a lack of international funding. He also highlighted the need for financial reforms, including the “Financial Gap” law, and ongoing negotiations with Israel to halt the war and restore sovereignty. He underscored that the armed forces and security agencies are making efforts to enhance stability in the country. At the end of his speech, he reaffirmed that overcoming the crisis requires coordinated efforts both domestically and internationally, and he committed the government to necessary reforms to help Lebanon achieve sustainable recovery.

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