BEIRUT (Reuters) - Lebanon's cabinet referred a draft law on a new public wage scale to parliament early on Friday, bowing to popular pressure but endangering efforts to control a runaway budget deficit.
Finance Minister Mohammed Safadi said the draft law, which would raise the minimum wage 35 percent and cost around $1.2 billion (790.2 million pounds) a year, would be "economically devastating" for Lebanon.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
