Lebanon’s 11-Month Budget Gap Narrows to 2.94 Trillion Pounds

Lebanon’s budget deficit narrowed in the first 11 months of 2011 because of increased revenue from telecommunications.

The shortfall narrowed to 2.94 trillion Lebanese pounds ($1.95 billion) at the end of November from 4.31 trillion pounds a year earlier, the Ministry of Finance said in an e-mailed statement from Beirut.

The ministry included estimated revenue of 1.99 trillion pounds from the Telecommunications Ministry in its calculations, up from 331 billion pounds in the first 11 months of 2010.

To contact the reporter on this story: Massoud A. Derhally in Beirut, Lebanon, at mderhally@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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