Lebanon Drowned in Government Debt, One-hour Electricity, Health Services Stalled

There is a serious crisis in the West Asian country of Lebanon at this time. Water has become 8 times more expensive than food. From food items to diesel-petrol, gas and everyday items, people have to queue for 4 to 6 hours
Image Credit: UN News
Image Credit: UN News

There is a serious crisis in the West Asian country of Lebanon at this time. Water has become 8 times more expensive than food. From food items to diesel-petrol, gas, and everyday items, people have to queue for 4 to 6 hours. The bread was available for 1000 Lebanon pounds (about 48 rupees) a year ago, now is getting for 6000 Lebanon pounds (about Rs 288).

Only one hour supply of electricity in 24 hours

The supply of electricity is coming only one hour in 24 hours. Health services have gone awry in Corona. Children are unable to go to school. This condition has been going on for months, not a day or two. In the midst of all this, Najib Mikati became the new Prime Minister of Lebanon on Thursday. He is the richest man in the country Lebanon.

Let us tell you that after a massive explosion in Beirut on August 4 last year, the functioning government was ousted from Lebanon. More than 200 people have been killed in the blasts. After this, no party can form a government because of the political crisis in the country. Parliament was forced to appoint three Prime Ministers, the country in which it operates.

The prices of diesel and petrol, which were available for 1000 Lebanese pounds in January, has now has become 6500 Lebanese pounds per liter. 78% of the country's population is facing poverty. This problem could be the beginning of a troubling situation.

The worst situation in 150 years

Image Credit: BBC
Image Credit: BBC

Lebanon is currently in the worst condition in the world in the last 150 years according to the World Bank. The condition of Lebanon has worsened due to the economic crisis for the last two years. The people are protesting in different areas of the country. Riots are happening too in some parts of the country. These people are demanding a safe life and food from the local government for themselves. The situation in Lebanon has become so bad that the army has to be deployed in the northern city of Tripoli and elsewhere.

Why the economic crisis?

  • The main reason for the economic crisis is that after the civil war from 1975 to 1990, successive governments continued to borrow money. This increases the load. Central banks collapsed and the economy collapsed.
  • The country's currency, the Lebanese pound, has fallen 90% since 2019. That is, the cost of 100 rupees of people is now only 11 rupees left. Half of the people became poor.
  • According to the United Nations World Food Programme, since October 2019, food prices have increased by 600 percent. The country's economy has fallen by 30% in four years. This year also it may fall 12%.
  • Social Affairs Minister Ramzi Maucherfih said 75% of the country's people needed help due to the economic crisis. Corona has made this crisis formidable.

Why the fuel crisis

Subsidy over. Fuel prices increased by 70%. Fuel imports slowed down as the Central Bank pulled out. Hydrocarbon prices tripled in two months. LPG became 50% costlier.

  • 6.6 lakh crores Lebanon's debt, 170% more than GDP
  • 69 lakh population. 36 lakh people are in need of help.
  • 17 lakh people are facing a dire crisis.
  • 1.7 million Syrian refugees are adding to the economic burden of Lebanon.
  • 18 thousand crores. The Lebanese government needs to recover.

Aisi Kangali: Military helicopters engaged in tourism to meet the needs

The effect of the bad situation in Lebanon is also visible in the army. The army has to send military helicopters on rent for its expenses. The Lebanese army is providing 'helicopter joyride' to tourists for Rs 1,100 per person. It is being carried out by the Army's Robinson R-44 Raven helicopter. 3 people are being sent per flight. This problem has reduced the military's budget for maintenance and equipment. The problem can be measured from the fact that in 2019, 1 liter of water was used to get 4 bottles for 1000 Lebanese pounds. Now with this amount, only half a liter of water is being bought.

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