Source: Kataeb.org
Monday 18 December 2023 12:44:26
Kataeb Political Bureau Member Alain Hakim noted that the absence of reforms is a significant challenge, considering that occasions and holidays bring in $10 billion annually to Lebanon through expatriate remittances.
"The economy should be based on three factors: financial, economic, and monetary policies, but unfortunately, these are lacking in Lebanon," Hakim said in an interview with MTV.
He stressed the imperative need to find practical solutions for economic revival because continuing in the current manner is unsustainable.
"There are two 'economies' in the country, one legitimate and the other illicit, the latter constituting 55%, and we observe a series of decisions and laws that could lead to the demise of the former," he stated.
He pointed out that the current budget burdens the citizens, describing the situation as surreal.
Hakim warned that any amendment would merely be a gesture without positive implications for the economy.
He cautioned that the budget is a project to change Lebanon's economic face, potentially leading to the end of the formal economy, expansion of the informal economy, and the exodus of individuals and companies from Lebanon due to the high taxation.
"We have a 200% to 240% increase in taxes, with the introduction of new taxes that were non-existent and have no meaning," he explained.
"Do they want to implement the budget to freeze some points in a second term?" he asked.
Hakim considered that there is a conspiracy against the country to change its economic landscape, with systematic attempts to destroy the state, as seen in the case of the army commander.
He emphasized that the economic situation is equally perilous, stating, "They are testing the limits of the state, as happened in the case of the army commander, and there are systematic attempts to destroy the state and the economy, including the conspiracy that takes depositors' funds and distributes them to a new, nonexistent segment."
He believed that continuing in the same manner with the budget does not allow for any real change, asserting that any budget should be characterized by trust.
Hakim pointed out that 94% of the budget is allocated to operational matters, while only 6% is dedicated to growth, calling this a mockery.
He criticized the allocation of 50% of the budget to the public sector, which he described as unproductive, stating, "The budget is predominantly consumed by one sector, burning the majority of it, and another portion goes to a non-productive sector, meaning wastefulness."
He considered the current budget as symbolic, saying that it lacks a clear plan.
"We are not facing a financial or economic crisis but rather a structural and organizational crisis, from which trust and the restoration of deposits arise. It is the duty of the Lebanese state, according to existing laws, to address the issue with respect to priorities in terms of responsibility, namely the state, the Central Bank, and the banks," he explained.
He expressed astonishment that the authorities have not taken any positive steps to confront the crisis, deeming it unbelievable and dangerous.