Lebanon’s public revenues are likely to hit L£16t ($10.6b) in 2014, posting double-digit growth from L£14.2t ($9.2b) last year, said a report. The rise in revenues is also seen swinging the country’s primary balance, which excludes debt service payments, into a surplus for the first time since 2011, TradeArabia quoted The Daily Star, citing the finance minister. “We expect the budget deficit to reach L£5.9t, or 8% of GDP, down from a deficit of 9.3% of GDP in 2013, which will allow us to register a primary surplus in 2014 for the first time in several years,” stated Ali Hasan Khalil.
