Syria’s failing state-owned companies are to receive a cash injection worth $1.43 billion, approved by the parliament in Damascus, reported SANA, the country’s official new agency.
According to Finance Minister Khaled Mahayni, 66 billion Syrian pounds will be added to the 2000 budget, and will be earmarked specifically to manage financial problems and previously accumulated debts of public companies.
Earlier in December, the Syrian parliament passed a 2001 general budget worth 322 billion Syrian pounds, or $7 billion. That was 17 percent bigger than the 2000 budget included a deficit of 9.21 billion Syrian pounds. ¯ (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)
