Lebanon President Urges 2019 Budget Deal as Veterans Protest

Lebanon's president called on Tuesday for approval of the 2019 draft budget by the end of May in order to launch long-stalled economic reforms, though military veterans fearing pension cuts took to the streets, the International New York Times reported on a Reuters story. Wrestling with one of the world's heaviest public debt burdens and years of low growth, the Lebanese government has promised reforms which economists deem more pressing than ever. But it risks public anger if it trims wages, pensions or benefits in its massive public sector bill. There have been some protests in recent days. "President (Michel) Aoun urged hurrying up discussions on the budget so that it is approved in parliament before the end of next month," his office tweeted on Tuesday. Read more

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