NATIONAL ECONOMY PARLIAMENTARY COMMITTEE PLANS ECONOMIC OVERHAUL FOR 2025 BUDGET

The National Economy, Industry, Trade, and Planning Committee, chaired by MP Farid El-Bustani, met on Wednesday to discuss the economic situation and plans for the 2025 budget.The meeting criticized the 2024 budget for lacking an economic vision and decided to adopt the McKinsey plan from 2017.The committee aims to develop ideas with input from experts and international organizations like the World Bank and IMF to present a comprehensive economic plan for the new government.The meeting also discussed restoring confidence in the banking sector and compensating depositors.Source: National News Agency - Lebanon