BEIRUT: Lebanon's economic woes continue to make headlines for the wrong reasons, after caretaker Finance Minister Ali Hasan Khalil warned Thursday that ministries will soon run out of funds if the government impasse is not resolved.
After meeting with Prime Minister-designate Saad Hariri, Hassan Khalil said that funding will run out in a month, maintaining that the Cabinet formation is paramount to securing the necessary funds.
Hassan Khalil, an ally of Speaker Nabih Berri, also reiterated calls for the current caretaker government to meet and pass the 2019 budget instead of waiting for the deadlock to be resolved.
Lebanon has been without a fully functioning government for nearly eight months following the conclusion of the parliamentary elections in May 2018.
Political infighting over the allocation of ministries has prevented Hariri from forming a Cabinet, despite concessions from across the board.
On Wednesday, negotiations kicked off once again in an attempt to finally reach a breakthrough, mainly in regards to the demands of the six pro-Hezbollah Sunni MPs.
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