Lebanese Prime Minister Saad al-Hariri agreed a package of Reforms with government partners to ease an economic crisis that has sparked protests aimed at ousting a ruling elite seen as riddled with corruption and cronyism.
The agreement was reached as hundreds of thousands of protesters flooded the streets for a fourth day in the biggest show of dissent against the establishment in decades.
A sea of people called for revolution in protests.
Hariri, who is leading a coalition government, gave his feuding government partners a 72-hour deadline to agree reforms that could ward off crisis, hinting he may otherwise resign.
The Reform decisions require a 50% reduction in Salaries of current and Former Presidents, Ministers and MPS plus cuts in benefits to state institutions and officials. It also obliges the Central Bank and Private Banks to contribute $3.3 billion to achieve a “near zero deficit” for the 2020 budget.