Lebanese Minister of Finance Ali Hassan Khalil has stated that his country is studying ways to manage public debt as part of the public finance reform plan. Lebanon has one of the largest public debt-to-GDP ratios in the world at around 150 percent and has suffered from years of low economic growth.
Lebanon has voted in favor of two UN resolutions that improve the treatment of refugees and migrants, but the displaced Syrian refugees in the country may not benefit, as they are not classified as refugees or even migrants.
The Lebanese speaker of Parliament, Nabih Berri, said that “procrastination in forming the government has a negative affect on the situation in Lebanon.” This comes after a halt in the government formation following the parliamentary elections that took place in the country on May 6.
In May 2018, Lebanon held its first election in 9 years, however, the government has not been formed due to political rivalries. "We have not seen serious movement in forming the government so far," critcised Lebanon's Finance Minister, Ali Hassan Khalil.
Before the May 6 vote, leaders from across the deeply divided political establishment sounded the alarm about the state’s finances and economy. Lebanon is the world’s third-most indebted nation with a debt-to-GDP ratio of more than 150 percent
Lebanon heads to general elections for the first time in nine years. This is the first elections to include the 82k expat voters, totaling the total registered voters at 3.6 million. This election also sees a new Electoral system in which voters will vote twice, once for coalitions and once for the candidate.