Lebanon parliament approves cash subsidy costing $556 mln ...Kuwait

Lebanon's parliament on Wednesday approved cash payments for poor families, to cost $556 million a year, planned as a step that would allow the curbing of a $6 billion subsidy programme for basic goods. Every family eligible for the programme would receive around $93 a month, according to a source close to the government. Lebanon is battling a deep financial crisis, dubbed by the World Bank as one of the worst depressions of modern history. The government introduced a subsidy programme last year to finance the import of basic goods such as wheat, fuel and medicine through drawing down on foreign reserves. Shortages of essential items such as medicine and fuel have wo

Hence then, the article about lebanon parliament approves cash subsidy costing 556 mln was published today ( Wednesday 30/06/2021 - 04:45 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Lebanon parliament approves cash subsidy costing $556 mln )

Also on site :

• Anycubic Opens Deposits for Kobra X, Following Formnext Debut of Its Next-Generation Entry-Level Multicolor FDM Printer
• Disgraced former Centinela Valley schools Superintendent Jose Fernandez dies
• As millions of Gen Zers face unemployment, CEOs of Amazon, Walmart, and McDonald’s say opportunity is still there—if you have the right mindset