BEIRUT (AP) — Lebanese army retirees scuffled with parliamentary guard troops as they briefly broke through a cordon leading to Parliament in downtown Beirut during a rally Monday. They were protesting their decimated monthly pay amid the country’s economic meltdown. The troops managed to push the crowd back and fired teargas, forcing the elderly retirees to turn away from the street. After a short while, they gathered nearby to continue their protest and demand higher pay. They later dispersed. Hours after the protest, Parliament passed the 2022 budget, a key demand by the International Monetary Fund, with 63 legislators voting in favor, 37 voting against and six abstaining. The new budget will calculate customs tax revenue at 15,000 Lebanese pounds to the dollar at a time when the black market rate is more than double that at about 37,000 pounds to the dollar. Since the meltdown began three years ago, the customs tax revenue was calculated at the official rate of 1,500 pounds to the dollar.
According to the new budget, government expenditures stand at 40.9 trillion pounds ($1.1 billion) at the parallel market rate, while revenue stands at 30 trillion pounds ($810 million). The government also approved a 200% salary increase to civil servants and civilian and military retirees on condition that their monthly income does not exceed 12 million pounds ($324). The rally came as banks in this crisis-hit Lebanon partially reopened Monday following a weeklong closure amid a wave of heists in which assailants stormed at least seven bank branches earlier this month, demanding to withdraw their trapped savings. The Association of Banks in Lebanon had said last Monday it was going on strike amid bank holdups by depositors and activists.