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Lebanese Prime Minister Saad Hariri stated earlier that he was considering halving ministerial salaries and abolishing some government committees in a bid to save money.

Lebanon’s Cabinet, headed by President Michel Aoun at the Baabda Palace, has reportedly agreed to all the reforms on the list, including halving ministers’ wages in order to ease the economic crisis in the country. The only controversial issue remains the power sector reform that is currently being discussed, the president’s office said, as quoted by Reuters.

Under pressure from numerous mass protests against the governing elite, Prime Minister Saad al-Hariri and other ministers drew up a package of steps over the weekend, seen as crucial to restoring confidence, that may mitigate the strains on Lebanon’s financial system.

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