Treasury advances remain the easiest way for the government to cover its expenses. They have primarily enabled it to pay the salaries of a large number of civil servants and incur other expenses considered unnecessary.
In just one year, Najib Mikati’s government spent $400 million in areas that did not yield productive results, knowing that the money borrowed from the Central Bank, being a debt, is supposed to be repaid to the state. Civil servants’ salaries, in particular, fall into this category.
The government is thus pursuing a policy that it has applied for years due to the absence of a budget and pending reforms.
In just one year, Najib Mikati’s government spent $400 million in areas that did not yield productive results, knowing that the money borrowed from the Central Bank, being a debt, is supposed to be repaid to the state. Civil servants’ salaries, in particular, fall into this category.
The government is thus pursuing a policy that it has applied for years due to the absence of a budget and pending reforms.
This Is Beirut
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