Lebanon’s austerity budget of 2019: a last resort to avoid crisis? - Economic Research Forum (ERF)

Lebanon’s austerity budget of 2019: a last resort to avoid crisis?

Lebanon’s austerity budget of 2019: a last resort to avoid crisis?

by Sumru Altug and Simon Neaime

Lebanon’s high and rising public debt has become unsustainable. This column explains why it is essential that the austerity measures in the draft budget of 2019 are approved in order to avert imminent debt and exchange rate crises… more