Lebanon’s 2027 draft budget targeting revenue surge as economy shrinks

BEIRUT: Lebanon’s 2027 budget is asking a shrinking economy to deliver tax revenue more than double what it collected in 2024 — a target one economist calls unrealistic — while the country has yet to resolve how the losses from its banking crisis will be shared. The Ministry of Finance has submitted a draft 2027 budget of $6.87 billion, up 14.2 percent from 2026, with taxes supplying 85.9 percent of revenue. The budget assumes revenue will keep climbing while the economy shrinks. The World Bank’