March 2025 marked the transition from Najib Mikati’s caretaker government to Nawaf Salam’s administration, which took office in late February. Legislative activity during this period dropped to its lowest point in twelve months, with a shift in focus. Specifically, 40% of administrative texts involved new appointments and terminations, while 85% of regulatory texts addressed macroeconomic issues, particularly the approval of the 2025 national budget by decree and preparations for the 2026 budget. For more details, please refer to the monthly memo for the month of March.