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Lebanon's parliament approves cash aid for poor families


Lebanon s parliament approves cash aid for poor families
Lebanon s parliament approves cash aid for poor families
30 de junio de 2021, 16:40
Beirut, Jun 30 (Prensa Latina) Lebanon s parliament on Wednesday approved cash payments for the poorest families who will be left without any protection when subsidies to basic products cease.
Initial estimates indicate that some 700,000 families will be supported by debit cards. The government needs over 556 million dollars to be able to apply that measure.
That economic support is part of a step to stop the current subsidy program that costs the State some six billion dollars a year.
One of the issues in doubt derives from who will finance those cash cards since the majority of the legislators rejected that it should come from the money of private savers or from the foreign exchange reserves of the Central Bank (Banque du Liban). ....

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