Impact of Fee Changes in Lebanon: Budget Revisions and Financial Realities

News Bulletin Reports
2024-02-20 | 07:53
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Impact of Fee Changes in Lebanon: Budget Revisions and Financial Realities
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Impact of Fee Changes in Lebanon: Budget Revisions and Financial Realities

Report by Petra Abou Haidar, English adaptation by Nadine Sassine 
 
Finally, the new budget has been released, and according to this budget, all the fees we used to pay to the state will change. So what are these fees, and how will their costs be affected?

Let's start with the attestations, meaning all documents that need authentication from the Ministry of Foreign Affairs to be sent abroad from Lebanon.
 
These documents include personal status documents like births, marriages, divorces, deaths, individual and family extracts, educational certificates, driving licenses, insurance certificates, bank statement certificates, employment certificates, experience certificates, general and special powers of attorney, commercial registrations, certificates of origin, and others.
 
The cost of these attestations has increased 20 times from 50,000 Lebanese pounds to 1 million Lebanese pounds per attestation, which is the price of the required stamp.

If we talk numbers, the cost you will pay now for authentication on any document will be less than what you used to pay before, if you calculate it in dollars. For example, 50,000 Lebanese pounds used to be around $34, while now 1 million Lebanese pounds is approximately $11. So, it's less than half of what we used to pay.
 
This contributes to the state missing out on additional revenues. However, we shouldn't forget that this step is unjust to many because salaries for a large portion of Lebanese, especially those in the public sector and military and security apparatuses, haven't been adjusted as they should and are much lower than before the crisis, if calculated in dollars.

So, as important as this step is for the state's treasury, it is equally difficult for these people, especially in the absence of a comprehensive plan to get out of the crisis we are currently facing.
 

News Bulletin Reports

Lebanon

Budget

LBCI Next
Hezbollah drones, rocket strikes spark widespread panic: Sirens blare as Israeli towns enter maximum emergency
The Iranian Response: Awaiting Retaliation Amidst Escalating Tensions
LBCI Previous
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:00

Hochstein's upcoming visit to address ceasefire concerns: Did Israel breach the ceasefire in Baalbek strike?

LBCI
News Bulletin Reports
12:49

Despite war’s scars, Christmas spirit thrives in Lebanon's Tyre

LBCI
News Bulletin Reports
2024-12-24

Fate of Lebanese fighters in Syria uncertain: A legal and political process

LBCI
News Bulletin Reports
2024-12-24

Bethlehem's silent Christmas: A cry for peace in the Holy Land

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
05:10

Syria forces carry out operation against pro-Assad 'militias'

LBCI
Lebanon Economy
2024-12-12

Lebanese ‎Syndicate of Money Changers: Concerns over counterfeit $50 bills exaggerated

LBCI
Lebanon News
2024-07-30

Sources to LBCI: Sahel Hospital receives 8 wounded, one in critical condition

LBCI
News Bulletin Reports
13:00

Hochstein's upcoming visit to address ceasefire concerns: Did Israel breach the ceasefire in Baalbek strike?

Videos
d-none hideMe
LBCI
Lebanon News
2024-12-24

Tom Fletcher affirms commitment to Lebanon's future, vows to help lead it into a new phase - Watch the full interview with LBCI

LBCI
Lebanon News
2024-12-21

Car runs over security officer in Beirut, Lebanon (Video)

LBCI
Lebanon News
2024-12-20

A delegation of Druze religious leaders from Lebanon visits Jabal al-Arab, Syria (Video)

LBCI
News Bulletin Reports
2024-12-16

Inside Tartus Port: Russia's strategic naval presence in the Middle East

LBCI
News Bulletin Reports
2024-12-16

Destruction and aftermath: Syrian coast sees largest Israeli attack in over a decade

LBCI
Middle East News
2024-12-16

LBCI reports from Bmalkah in Tartus following Israeli airstrikes

LBCI
Lebanon News
2024-12-13

LBCI Reports: Lebanese General Security divides Syrian refugees into three categories at Masnaa border

LBCI
Middle East News
2024-12-12

LBCI visits Sayyida Zaynab shrine as calm returns to Damascus (Video)

LBCI
Lebanon News
2024-12-12

Video shows Lebanese army deploying in South Lebanon's Khiam as Israeli forces withdraw

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:00

Hochstein's upcoming visit to address ceasefire concerns: Did Israel breach the ceasefire in Baalbek strike?

LBCI
Middle East News
11:18

Syrians protest after video showing attack on Alawite shrine: AFP

LBCI
Lebanon News
09:46

Israel's troops reportedly burn house in south Lebanon's Maroun El Ras

LBCI
Lebanon News
12:24

Large-scale demolition operation reported in Kfarkela, south Lebanon: State media says

LBCI
News Bulletin Reports
12:49

Despite war’s scars, Christmas spirit thrives in Lebanon's Tyre

LBCI
Lebanon News
04:22

Israeli army abducts Lebanese citizen in South Lebanon

LBCI
Middle East News
12:15

Syria's authorities say Alawite shrine attack is 'old'; dates to takeover of Aleppo

LBCI
Lebanon News
04:49

UNIFIL says any actions threatening fragile cessation of hostilities must stop

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More