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Lebanon’s parliament approves cash aid for less favored families

Líbano, parlamento, ayuda, financiera, desfavorecidos

Lebanon’s parliament approves cash aid for less favored families

Beirut, Dec 8 (Prensa Latina) The Lebanese Parliament approved the delivery of cash assistance for less favored families, local media reported on Wednesday.
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The economic and financial crisis in this country caused that almost 80 percent of the population fell below the poverty line of 3.64 dollars a day, according to international organizations.

The national currency also lost more than 100 percent of its value with respect to the US greenback and the salaries of nine out of ten people depreciated by the same amount.

The explosion at Lebanon’s main port and the closure due to the Covid-19 pandemic, which put thousands of people on the street, also added to this deteriorating situation.

During the Parliament session, Speaker Nabih Berri stressed that the electricity sector has caused the greatest waste of public funds.

Since the end of the 1975-1990 civil war, Lebanon has been suffering from an energy deficit that has now reached the level of collapse, as the state service barely covers 1-2 hours of electricity per day.

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