Syria sets $7-billion 2001 budget, up 17 percent

Published October 11th, 2000 - 02:00 GMT

The Syrian government said Tuesday it envisions a 2001 budget of 322 billion Syrian pounds ($7 billion), an increase of 17 percent over the previous year, according to the official SANA news agency. 

 

No details were given on forecast revenues, outlays or sectoral distribution, but the budget will have to reflect a 25 percent hike in public sector salaries that went into affect last month. 

 

The budget must still be approved by parliament, which inaugurated its 2000-2001 session on Tuesday. 

 

The budget for 2000 forecast expenditures of S£275.4 billion ($5.98 billion), an increase of 7.8 percent on 1999. – (AFP) 

 

© Agence France Presse 2000 

You may also like