So the plan is to reduce the budget deficit from USD 6.5B in 2018 to USD 1.9B by the end of 2019
Here are some of the main points that I could deduce from the proposition:
1. Lower the debt of loans by USD 1B with Banque du Liban understanding
2. Lower the services given to the public sector by USD 220M (امتيازات, تقديمات and المكافات)
3. Set a cap for the extra incomes of the public sector
4. Stop recruiting in the public sector
5. Lower travel expenses for the public sector, MPs, Ministers ...
6. Raise interest tax from 7% to 12% (including Banque du Liban)
7. Raise incomes from Telecom, Yanasib and MEA
8. Raise the tax on tobacco.
9. Add 3% tax on imported products.
10. Settlement of construction violations.
11. Raise the tax on weapon permits, traffic violations and special car numbers.
12. Raise the tax on foreign workers & residents.
13. Generate an extra USD 500M from preventing smuggling, marine property tax and other reforms
Note: Point 6,7,8,9,10,11 and 12 should generate around USD 2.2B
What do you guys think?
Here are some of the main points that I could deduce from the proposition:
1. Lower the debt of loans by USD 1B with Banque du Liban understanding
2. Lower the services given to the public sector by USD 220M (امتيازات, تقديمات and المكافات)
3. Set a cap for the extra incomes of the public sector
4. Stop recruiting in the public sector
5. Lower travel expenses for the public sector, MPs, Ministers ...
6. Raise interest tax from 7% to 12% (including Banque du Liban)
7. Raise incomes from Telecom, Yanasib and MEA
8. Raise the tax on tobacco.
9. Add 3% tax on imported products.
10. Settlement of construction violations.
11. Raise the tax on weapon permits, traffic violations and special car numbers.
12. Raise the tax on foreign workers & residents.
13. Generate an extra USD 500M from preventing smuggling, marine property tax and other reforms
Note: Point 6,7,8,9,10,11 and 12 should generate around USD 2.2B
What do you guys think?
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