- Lebanese government raised VAT from 11% to 12% and increased petrol prices to fund higher public sector salaries.
- The move sparked widespread anger and protests, with unions condemning the decision as unfair to ordinary citizens.
- Some cabinet members opposed the decision, calling for a more comprehensive economic plan and assessment of the impact on inflation and poverty.
- The fuel price hike is immediate, while the VAT increase requires legislation.
- The situation recalls the 2019 protests, amid Lebanon’s ongoing severe economic crisis and currency collapse.
Source: thenationalnews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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