Socio-economics
Lebanese banking sector: USD 22.1 billion of profits in 26 years
Lebanese banking sector: USD 22.1 billion of profits in 26 years (1993-2018)
Lebanon's insoluble electricity crisis (Part Two)
Lebanon's insoluble electricity crisis
LBP 12 billion of “supplemental appropriations” in the public budgets (1992-2016)
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...
Lebanon's Public Works Projects 2007-2017 A Monopoly for certain companies
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.
Usurpation of Coastal Public Property-5 million m2: when will the state recover them?
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...
Audit Court Report Three in One
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...
Interpreting the figures of lebanon’s 2015 draft budget
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...
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Lebanon’s Budget 2014 : LBP 1145 Billion transferred from Inexistent Reserves
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...
