The Syrian Parliament approves the 2021 Budget

  • Damascus, Syrian Arab Republic
  • 17 December 2020
1

The Syrian People’s Assembly approved the 2021 budget, estimated at 8,500 billion pounds, after adding some articles related to the disbursement of incentive bonuses by a decision of the competent minister or his equivalent, with an amount not exceeding two million pounds. The budget recorded an increase in the amount of support for oil derivatives 2700 billion pounds, while reality indicates the gradual withdrawal of subsidies, after a series of raising the prices of gasoline and diesel until they became higher than their global price.

Parliament, headed by Speaker Hammouda Sabbagh, approved the appropriations of the state budget bill for the fiscal year 2021, distributed over the appropriations for ongoing operations in an amount of 7,000 billion pounds, while appropriations for investment operations are 1,500 billion pounds.

Syria’s budget for the next year has allocated appropriations for job opportunities estimated at 47,505 opportunities at an amount of 25 billion Syrian pounds, after setting the allocations for salaries, wages and compensation in the amount of 1018 billion pounds, and the funds for social support in an amount of 3500 billion Syrian pounds, the National Fund for Social Aid at 50 billion Syrian Pounds, the Agricultural Production Support Fund at 50 billion Syrian Pounds, flour and yeast at the amount of 700 billion Pounds, oil derivatives by 2700 billion Pounds, and electrical energy at 1800 billion Pounds.

Source (Al-Araby Al-Jadeed Newspaper, Edited)