The Lebanese Parliament recently approved the year 2022 budget after a long delay, completing as such one of the required actions/reforms requested by the staff level agreement with the IMF. In details, the budget targets some LBP 29,986 billion in revenues, while expenditures are estimated at LBP 40,873 billion, implying a target deficit of LBP 10,887 billion, i.e. ~26.64% of total expenditures. The 2022 budget adopted an exchange rate of LBP 15,000 per USD for calculating the customs tax, while the price of the 5-year and 10-year passports was increased to LBP 1 million and LBP 2 million on a respective basis. On the other hand, the 2022 budget exempted pensioner salaries from the income tax. On the expenditures front, the salaries of public sector employees were tripled, on the condition that the salary raise does not fall below LBP 5 million and does not exceed LBP 12 million, whilst also adding that this salary increase is only temporary and will not be included in calculating the end of service benefits or the retirement salary.