GEAGEA CALLS FOR ADOPTING FINANCIAL RATION CARDS IN PLACE OF CURRENT SUBSIDY METHOD

Head of the Lebanese Forces Party, Samir Geagea, accused the President of the Republic, Caretaker Prime Minister, Ministers of Finance and Economy, and Central Bank Governor of wasting the remaining funds of the depositors’ money through the method of subsidies adopted so far.

 

Geagea pointed out that “instead of the subsidy going to needy families, we see the bulk of it being smuggled into Syria, or as an excuse for some traders or importers, or a waste for those who do not need support.”

 

Geagea also considered that if the subsidy funds had been spent in the right place, we would have been able to continue supporting needy families for an additional four or five years.

 

Finally, the LF Chief called on the President of the Republic, Caretaker PM, the concerned ministers and the Central Bank Governonr to stop the current method of support and replace it with financial ration cards that are provided only to needy families based on field studies conducted by the World Bank and other international organizations.

 

Source: National News Agency

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