AOUN MEETS IMF DELEGATION: CABINET SHALL SOON STUDY 2018 STATE BUDGET DRAFT

President of the Republic, General Michel Aoun, informed a delegation of the International Monetary Fund (IMF) that the Cabinet shall soon begin studying the 2018 state budget draft law, in preparation for its approval and referral to the Parliament.

President Aoun received on Wednesday morning at the Baabda palace the IMF delegation, under the chairmanship of Christopher Garvis, whereby he stressed that the state budget shall be in harmony with the current economic circumstances in the country.

Aoun also pointed out that Lebanon shall attend the Paris Conference with a working paper that notes a series of investment projects, in conjunction with planned measures to be adopted to strengthen the state’s financial resources, reduce expenses and abolish unnecessary expenditures.

The President thanked the IMF mission for its assistance to Lebanon, stressing that mainstreaming mechanization through a strategy to be announced shortly, helps to combat corruption and bribery, increases the level of administrative performance and increases state resources.

Garvis, for his part, reiterated the IMF’s interest in the financial and administrative reforms currently undertaken in Lebanon, voicing the Fund’s readiness to assist Lebanon in the completion of the economic development process.

Source: National News Agency