– Granting three additional salaries to retirees, in addition to the three they currently receive.
– Granting three or four additional salaries to active public sector employees, in addition to their current income.
The proposal also suggests providing between 400,000 to 500,000 LBP as a transportation allowance for active employees. The salaries are expected to be paid at the current exchange rate of approximately 87,000 LBP.
To illustrate the salary changes, if an employee’s base salary is 2 million LBP and they currently receive three times that amount (6 million LBP) at an exchange rate of 60,000 LBP ($100), their new salary would become 12 million LBP (6 million plus three additional salaries) at the current exchange rate of around 87,000 LBP, equivalent to approximately $137. This calculation does not include other allowances and the transportation bonus.
If approved, the proposal would require funding of between 3,000 to 4,500 billion LBP. The final estimated amount depends on the number of additional salaries granted to active employees and retirees. As concerns over further printing of national currency grow, informed sources indicate that other measures to secure revenue may be implemented, such as raising the customs dollar rate to 60,000 LBP, resuming operations at the Nafeaa facility, and other sources of income.
This proposal currently takes precedence over another proposal, which suggests granting a productivity bonus of $300 for first-category employees, $250 for second-category employees, and $200 for third-category employees, in addition to their current income. The latter proposal also includes providing 5 liters of gasoline per working day. However, this proposal is currently deemed less likely to be approved due to its higher cost.
