The Syrian crisis and the associated inflow of refugees continue to dominate Lebanonas short-term outlook, compounding long-standing policy weaknesses and vulnerabilities. Political paralysis has set in, with virtually no progress on the structural front. Growth has remained modest and insufficient to make a dent in rising poverty and unemployment. A welcome improvement in the primary fiscal position in 2014 was largely due to temporary factors, and will not be sustained absent adjustment effortsaimplying that, without additional effort, Lebanonas already-sizable public debt burden will only worsen. Financial conditions have nonetheless remained stable, as deposit inflows continue to fund the economy and sizeable buffers support the credibility of the exchange rate peg.Data are available through 2013, with significant revisions to growth estimates for 2010a2012. ... GFS data for budgetary central government based on Government Finance Statistics Manual 2001 are published on a yearly basis in the IMFanbsp;...
|Author||:||International Monetary Fund. Middle East and Central Asia Dept.|
|Publisher||:||International Monetary Fund - 2015-07-17|