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George Sabat

George Sabat

Yesterday's Budget Vote may have dealt a serious blow to Lebanon's Financial, Social, and Economic Status.

Miami Beach, Florida

I wish to add only one sentence: The Lebanese Authorities must be fully aware of the vital necessity to stop the snowball increase of the Public Debt that has presently reached today US $65 billion dollars although official publications cite it at a little over US $60 billions only.
Unless a clear cut Debt Reduction program, based upon some Essential Reforms, goes soon into effect, our Public Debt is expected to reach US$160 billions by 2023 and US$220 billions by 2033, even if we devote all our expected revenue from oil and gas between 2023 and 2033, to repay it partially.
THE TIME HAS COME FOR THE LEBANESE CITIZENS TO OPEN THEIR EYES, REALIZE THE SERIOUSNESS OF OUR SITUATION, AND COMPEL OUR LEADERS TO DO THE SAME.
The entire country should adopt one single common objective: "ZERO DEBT IN 2033".


Experience:

  • SELF-EMPLOYED LEBANESE DREAMER! (Self-employed)
  • Chief Management Accountant (Macalder Nyanza Mines Ltd. Kenya)
  • Director (The Lebanese Center for public information)
  • No title (Self-employed)

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