Lebanese government to keep bread subsidy, pledges alternative plan ...Kuwait

News by : (The New Arab) -
Ministers agreed in a meeting on Tuesday draft a plan to help cut spending while maintaining support for some basic goods. Lebanon's caretaker government announced on Tuesday it will keep subsidies on bread and essential medicine, as the country's financial meltdown sends poverty and inflation soaring. Ministers agreed during a meeting over subsidy rationing with the central bank governor and an advisor to the president to draft a plan to help cut spending while maintaining support for some basic goods. A statement from Caretaker Prime Minister Hassan Diab's office said attendees had agreed at Tuesday's meeting to study means for reducing the oil bill and providing ration cards.Comments ab

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