Friday, October 20th, 2017 |العربية
Header-Block
Header-Block

Socio-economics

Public budgets estimate detailed data for all state revenues and expenditures, but they are often inaccurate. Expenditures are always higher than revenues, which leads to an increase in the deficit and to supplemental appropriations that would cover budget shortfalls. The following table shows that...

Multiple ministries and public organizations are sometimes awarding their public works projects to certain companies according to declared tenders, or at other times, by mutual consent.

The occupancy of coastal public properties is both a paramount and a thorny matter. Paramount because, whether legal or not, the occupancy fails to provide the state with revenues commensurate with the value of the occupied seaside areas and thorny because since the end of the Civil War, due to...

​ The Audit Court is the financial judiciary of the Lebanese state, whose primary function, as decreed by the law is supervising the disposition of public funds and fighting squandering and corruption, if the latter two should arise. However, the circumvention of laws coupled with political...

The Cabinet held several sessions in May 2015 to examine and approve the draft budget for 2015 ahead of its referral to Parliament for legal ratification. A few hold the view that even if the Cabinet manages to approve the budget, its sessions might be wasted because Parliament cannot ratify the...

Thousands of decrees have been issued over the past few years stipulating the transfer of credits from the budget reserves to the budgets of ministries and public administrations and institutions with a view to cover unforeseen expenses that had not been considered while budgeting. However, these...

Generally speaking, the retirement age for employees in both the public and the private sector is 64. For judges, the retirement age is 68 and for officers and members of the military it is 60, depending on their military rank. The law does not establish a mandatory retirement age for the Governor...

The negative aspects of life that are affecting the Lebanese and weighing the country down are too many to list. Stark political divisions have reached their peak, aborting presidential elections, and thereby leaving the presidential seat vacant since May 2014. Parliament has extended its own term...

Until 1999, higher education institutions were very few in Lebanon, not exceeding 18. Among these, seven were major institutions which had 97% of the total student population. However, the number of academic institutions rose significantly after the government amended its education policy by...

The deficit in Lebanon’s public finances is getting higher by the year as public spending- most of which is futile in any case- continues to exceed public revenue. This critical financial situation is evidenced by the figures released by the Ministry of Finance, even in the absence of a public...