SAWT BEIRUT INTERNATIONAL

| 24 September 2022, Saturday |

President Aoun signs decree distributing revenues of independent municipal fund

President of the Republic, General Michel Aoun, signed Decree No. 9930 on August 29, 2022.

The decree aims to distribute the revenues of the Independent Municipal Fund for the year 2020, which amounted to 725 billion Lebanese pounds, as follows:

– First: 12% of the value of the proceeds prepared for distribution, allocated to the Union of Municipalities, which totals 87 billion Lebanese Liras, to be distributed as follows:

A- 60%, totaling 52 billion and 200 million Lebanese Liras, distributed on the basis of the number of registered residents within the municipalities of the Union.

B – 40%, totaling 34 billion and 800 million Lebanese Liras distributed to all unions in a proportional manner on the basis of the number of municipalities that make up each union for each district, and allocated to development projects and lesson expenses in these unions.

Second: 88% of the value of the proceeds intended for distribution is allocated to municipalities, which total 638 billion Lebanese Liras.

 

    Source:
  • NNA