Damascus Seeks to Control Public Spending

The General Secretariat of the Syrian Presidency has imposed a set of measures to control and rationalize public spending, aiming to enhance fiscal discipline and protect the budget amidst economic challenges, rising energy and transportation costs. These measures affirm that salaries and essential expenses in the sectors of health, education, and public services will not be affected. The measures include reducing unnecessary expenditures, re-prioritizing investments, and postponing non-essential projects, all with the goal of improving spending efficiency and financial sustainability. This comes amid a financial deficit of one billion dollars in the first half of the year and escalating regional challenges that impact the Syrian economy and the livelihoods of its people, with over 90% of Syrians living below the poverty line. The government is also seeking to attract foreign investment and bridge the fiscal gap through financial tools, in the context of a gradual economic reform process to address the financial crisis and the political challenges in the region.

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