Wednesday, 1 Apr 2020

Hassan Khalil briefs Aoun on country’s financial situation, dismisses media rumors about salary scale

President of the Republic, General Michel Aoun, on Wednesday welcomed at Baabda Palace, Minister of Finance, Ali Hassan Khalil, who gave him a detailed briefing on the overall financial situation in Lebanon.

"The visit had been an opportunity to relay to the President the financial situation in Lebanon, as well as other matters related to securing permanent funds for the needs of the state," the Minister said in the wake of his meeting with the President.

"We endure a phase that entails a higher degree of coordination between political decisions, the Ministry of Finance, and the Central Bank. We have been endeavoring in this area not to affect the means to ensure the funds needed for the treasury," Minister Khalil added.

Khalil made clear that there had been additional commitments, decided by the House of Parliament under laws related to financing vital sectors, deeming them binding despite exceeding the ceiling set by the public budget. According to Kahlil, those involve the health, electricity, waste, and other sectors.

The Minister also explained that the aforementioned commitments have been added to dues required to fund the salary scale and other public payments.

"The total of these dues has become an additional burden, and we are in the course of coordination with the Prime Minister and the Central Bank Governor over this matter," Khalil added.

"I would like to emphasize the fact that all the talks about the salary scale and other wages are merely concocted by the media and far from the truth. The state and the Ministry of Finance are fully committed to paying all their dues," Khalil confirmed.

"I do not deny that we are facing a very big challenge caused by internal and external factors. In terms of the internal factors, it is of paramount importance to accelerate the formation of the government," he added.

Source: National News Agency

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