2023-09-26 04:26:18
“Lebanon Debate”
Distributing financial losses, writing off the deposits of the Lebanese, writing off the public debt, or imposing random taxes and increasing fees in all sectors are various titles for a single financial scenario proposed by the government following it was cut off from all sources of internal and external financing.
These scenarios have no chance of being implemented, at least in light of the collapsed economy and the lack of purchasing power among citizens, without reducing the pressure of economic and social crises, in parallel with the political crisis that is open to countless dangers.
The Dean of the Faculty of Business Administration at the Jesuit University and the President of the International Federation of Businessmen and Women, Dr. Fouad Zumkhal, reads in these circulating scenarios, a financial and economic tendency of the authority to distribute losses amounting to approximately 70 billion dollars, to citizens who essentially lost their deposits, financial stability, and social security, as a result of the performance of these… Authority for decades led the Lebanese to collapse.
Dr. Zmkhal confirms to “Lebanon Debate” that the government today is implementing a financial project as if nothing had happened, noting that the political class is directly responsible for the losses that it seeks to inflict on the Lebanese, specifically on depositors, first by implementing the plan to write off deposits by writing off their debts, and second by During the package of taxes and fees contained in the budgets of the current year and next year.
Dr. Zmkhahal reveals that the depositors have borne the bulk of the financial losses since the year 2019 until today, and they are still facing a plan to continue plundering what remains of it, through a government effort to pay the accumulated deficit by imposing random taxes once more. Therefore, the government’s project today requires turning the page on the deficit. Financial collapse on the basis of “may God forgive the past,” by distributing losses to the remaining depositors, and evading any responsibility.
As this financial plan continues to be implemented, Dr. Zumkhal warns of the danger of taxes that only target the white economy and companies that operate according to the laws. They also threaten investors and entrepreneurs while at the same time encouraging smugglers, the black economy, and money laundering, knowing that this plan will not lead to… Increasing treasury revenues, on the contrary, will lead to a decline in its revenues, and will not achieve the government’s main goal, which is to finance its spending from the citizen or his deposits, instead of working to implement reforms, activate collection, restructure the public sector, and eliminate waste in all areas.
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#Amnesty #past…financially
