Syrian PM: Economy grows by 4.5% despite international pressures

Published December 29th, 2005 - 03:46 GMT

The Syrian economy was capable of achieving a growth and to improve performance "despite the pressures Syria is exposed to," Prime Minister Mohammed Naji Ottri told a meeting of the National Progressive Front leadership branches, SANA reported.

 

He said it is expected that the Gross Domestic Production (GDP) will amount this year to S.P. 1,085 billion with the fixed prices of 2000. This means a 4.5% rise in comparison with 2004.

 

Ottri said the government's aim in the upcoming five years is to cut the budget deficit as not to surpass 6.6 % of the GDP in 2010 as well to increase non-oil exports.