Lebanon approved an emergency package of economic reforms on Monday, in response to a wave of anti-government protests that Prime Minister Saad al-Hariri praised for breaking down sectarian barriers and restoring a sense of national unity.
Lebanon has passed a series of major economic reforms, including the slashing of officials' salaries and the scrapping of austerity measures, after a weekend of mass nationwide protests over economic grievances.
Lebanon's government approved a 2020 budget envisaging a deficit of 0.6% of gross domestic product, with banks set to participate in the deficit-reduction through an amount of 5.1 trillion Lebanese pounds ($3.4 billion), Prime Minister Saad al-Hariri said on Monday.
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