Lebanon

Kanaan After the Finance and Budget Committee: We Will Not Endorse a Blank Check for the Government

Kanaan After the Finance and Budget Committee: We Will Not Endorse a Blank Check for the Government

The Finance and Budget Committee held a session today, Monday, chaired by Deputy Ibrahim Kanaan, with the presence of Minister of Finance in the caretaker government, Youssef Khalil, to discuss updates regarding the proposed framework law to restore financial order in Lebanon, and the proposed law aimed at addressing the situation of banks in Lebanon.

After the meeting, Kanaan stated: "They sent us to audit the accounts of the banks and their assets to confirm what they have, and why this has not happened until now? We have no trust in either the state's accounts or the banks after the collapse unless there is neutral auditing." He emphasized that the committee "will not endorse a blank check for the government, nor will we compromise our conscience by agreeing to a framework law that does not ensure addressing the financial gap and returning deposits to the people."

He continued: "The proposed law related to deposits talks about returning $100,000 from rich banks, but who defines these banks in the absence of an audit of their assets and accounts?" He called for "serious solutions for the people, otherwise the government should leave and confront the people, and take responsibility instead of evading it and blaming others."

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