Cabinet discussion on Budget would create confidence, says Lebanon's Parliament Speaker

Lebanon's Parliament Speaker Nabih Berri said the country's 2019 state budget represents the only opportunity to get out of the current situation, al-Manar television reported on Wednesday.

Berri said government approval of the draft budget, which is now being discussed by the cabinet, would create confidence even before its approval in parliament, al-Manar reported.

Lebanon has one of the world's highest debt burdens and low economic growth and the finance minister has said the budget includes wide spending reductions.