Hariri to Cabinet: Our situation is reassuring

The President of the Council of Ministers Saad Hariri chaired this afternoon at the Grand Serail the meeting of the Council of Ministers with 34 items on its agenda.

At the beginning of the session, Prime Minister Hariri pointed to the positive effect of the approval of the electricity plan on the monetary and financial markets and on the confidence of the investors in the future of the Lebanese economy, as the first signal of the government’s seriousness to reduce the budget deficit, combat corruption and implement the CEDRE commitments.

Hariri said that “the best decision we took in Lebanon is to take action to address deficit and resort to an austerity budget before the crisis happens, while other countries had to take tougher and more painful measures because they waited for the crisis to begin before taking action. The key here is to take the necessary procedures to avoid the crisis and be able to manage the steps in a way that protects the economy and the citizens”.

Hariri added: “Our situation in Lebanon is still reassuring. The confidence in our economy, our financial and monetary stability and the future of growth still exists, as long as we are taking the necessary measures. This is our responsibility in the council of ministers and parliament and should be based on the consensus between all political parties represented in the government on the procedures that will be included in the budget and on its good implementation”.

Source: National News Agency