Lebanon to give retired civilian public sector employees monthly salary
(MENAFN) Lebanon’s cabinet has approved monthly payments of 12 million Lebanese pounds (about 134 USD) for retired public sector employees to help alleviate economic hardship, Finance Minister Yassine Jaber announced Thursday.
The measure forms part of broader efforts to adjust wages and pensions according to living costs and the state’s limited fiscal capacity. Retirees currently receive at least 18 million pounds, excluding the new payment.
Jaber also confirmed initial funding of 200 billion pounds for reconstruction in Beirut’s southern suburbs and a 250-million-dollar World Bank loan for rebuilding infrastructure.
The measure forms part of broader efforts to adjust wages and pensions according to living costs and the state’s limited fiscal capacity. Retirees currently receive at least 18 million pounds, excluding the new payment.
Jaber also confirmed initial funding of 200 billion pounds for reconstruction in Beirut’s southern suburbs and a 250-million-dollar World Bank loan for rebuilding infrastructure.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- What Does The Europe Cryptocurrency Market Report Reveal For 2025?
- Japan Smart City Platform Market To Grow Worth USD 4.8 Billion By 2033 Exhibiting CAGR Of 11.7%
- Bitcoin Adoption On Sui Accelerates As Threshold Network And Sui Launch Phase 2 Of Tbtc Integration
- Japan Ultrasound Devices Market Size Worth USD 887.0 Million By 2033 CAGR Of 5.4%
- Primexbt Launches Empowering Traders To Succeed Campaign, Leading A New Era Of Trading
- Next Generation Management Corp. (OTC: NGMC) Announces Strategic Shift Toward Digital Commerce Acquisitions
Comments
No comment