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www.charbelnahas.org - « The official “Regeneration of Lebanon” plan: 1994 -2004‏, A comparative study »

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Document sans nom
Dr. Charbel Nahas - Minister of Labor

 

Economics and economic policies

 

« The official “Regeneration of Lebanon” plan: 1994 -2004‏, A comparative study »

May 2004

Comparative study, published in the economic magazine “Al-Iimar wal Iktissad”, between the projections of the ten-years plan for the « regeneration of Lebanon » adopted by the first Hariri Government and the reality of figures, ten years later. The study shows that the debt accumulated as a “substitute” to growth.

The comparison focuses on two indicators: debt and the GDP.

Public debt added up to 36 billions USD in 2004 while the ten-years plan foresaw that it would not exceed 20 billions at the horizon of 2004. Concerning GDP, it is estimated at 18 billions USD in 2004 while the authors of the plan expected it would reach 33 billions.

The plan banked on an average real growth rate of 8% over the past decade, real growth did not exceed 3% and might be much less depending on the estimation of the deflator.

As a result, the plan projected a debt over GDP ratio of 67% in 2004 while it reached 197% in reality.




PDF - 52.6 kb
(in english)
PDF - 168.1 kb
(in arabic)


published 14 November 2007

 


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Document sans nom
updated : December 2009  
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