Lebanon’s 2023 Draft Budget: Aimless expenditure

Wassim Maktabi,

Sami Zoughaib,

Sami Atallah

National budgets play a central role in public financial management by translating a country’s national goals into annual spending and revenue generating plans. Allocating resources in a coherent manner is a fundamental prerequisite for building an economy, whereby public expenditures are one of the main governance tools that states use to shape markets and deliver public services.² Whether it is financing public works or social protection programs, public spending sits at the core of fiscal policy, which ultimately defines the social contract between the state, the political elites who control it, and citizens.

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