403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
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
Comments
No comment