These measures are a part of a broader technique by Syria’s new caretaker authorities to stabilize the nation’s economic system following 13 years of battle and sanctions.
Salaries of Syria’s public sector staff below toppled President Bashar al-Assad’s regime had been round US$25 a month, placing them beneath the poverty line, together with the vast majority of the nation’s inhabitants, Abazeed stated.
The hike would comply with 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 adequate experience, tutorial {qualifications}, and the required abilities for reconstruction.
Syria’s state treasury is going through liquidity challenges rising from a warfare. Nearly all 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 international locations, the minister stated.
“The launch of investments within the nation within the close to future can even profit the state treasury and permit us to finance this wage enhance,” he stated, including the central financial institution presently has adequate funds to finance the subsequent few months.
