Lebanon's parliamentarians failed to elect a president for the sixth time, NNA news agency reports.

Michel Aoun's six-year term in power ended on October 31, and since then Lebanon has been living without a president - his functions are partially performed by a transitional cabinet.

According to Lebanon's constitution, a candidate must receive at least two-thirds of the vote in the 128-seat parliament, and must receive 50 percent plus one vote if he passes to the next round.

In Thursday's session, an independent parliamentarian, Michel Moawad, 50, received 43 votes.

46 deputies turned in blank ballots and 11 ballots were annulled. The rest of the deputies voted for other candidates.

Speaker of Parliament Nabih Berri has scheduled the next session, where they will try to elect a president, for November 24. MPs have been trying to choose a new president since late September, so far no candidate has won the required two-thirds of the vote.

Lebanon has already found itself in a similar situation with an absent president from May 2014 to October 2016, when the president could only be elected after more than 45 sittings of parliament. 

Lebanon has been in a deep financial and economic crisis for more than three years, accompanied by political and social tensions. Against the backdrop of the crisis, the banking system was almost completely paralyzed, the national currency depreciated against the dollar by more than 20 times. As a result, more than 70% of the population has fallen below the poverty line.