Lebanon’s President Aoun asks cabinet to begin drafting 2021 budget

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Lebanon’s President Aoun asks cabinet to begin drafting 2021 budget
February 13, 2020, 12:26 pm

Lebanon’s President Aoun asks cabinet to begin drafting 2021 budget

Lebanon's President Michel Aoun is pictured as he addresses the nation at the Baabda palace in Lebanon on October 24, 2019. (Reuters)

Lebanon’s President Michel Aoun asked ministers to start working on the 2021 state budget, the information minister said after the new cabinet convened on Thursday at the presidential palace.

The heavily indebted state is facing a financial crisis and must quickly decide whether to repay maturing foreign currency debt on schedule, including a $1.2 billion Eurobond due on March 9.

SOURCE : Reuters

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