The Lebanese Cabinet has approved the 2018 draft state budget and referred it to the House of Parliament for endorsement.
Prime Minister Saad Hariri said that the Council of Ministers approved the budget after extensive work by the state budget ministerial committee.
He said that all ministries have committed to reducing the budget expenses by 20 percent, thanks to efforts of finance minister and his work team.
Hariri added that the state budget includes reforms and incentives for all sectors.
Source: NAM News Network