These measures are a part of a broader technique by Syria’s new caretaker authorities to stabilize the nation’s financial system following 13 years of battle and sanctions.
Salaries of Syria’s public sector staff underneath toppled President Bashar al-Assad’s regime had been round US$25 a month, placing them beneath the poverty line, together with nearly all of the nation’s inhabitants, Abazeed mentioned.
The hike would observe a complete analysis of as much as 1.3 million registered public sector staff to take away fictitious staff from the payroll and would have an effect on these with enough experience, educational {qualifications}, and the required abilities for reconstruction.
Syria’s state treasury is going through liquidity challenges rising from a struggle. The vast majority of cash accessible within the central financial institution is Syrian forex, which has misplaced a lot of its worth. Nevertheless, the brand new authorities was promised help from regional and Arab nations, the minister mentioned.
“The launch of investments within the nation within the close to future may even profit the state treasury and permit us to finance this wage improve,” he mentioned, including the central financial institution at present has enough funds to finance the following few months.
