Finance: Revenue up 111% in H1 2026

The Ministry of Finance in Syria announced that the general budget revenues increased by 111% during the first half of 2026 compared to the same period last year, while expenditures rose by 331%. Data shows that revenues reached approximately $2.7 billion, against expenses of $3.7 billion, leading to a fiscal deficit of around $1 billion. The significant increase in spending was attributed to higher salaries and wages, expansion of government programs, as well as increased costs of goods and services due to regional developments and rising import prices. Additionally, oil and gas revenues began to be collected starting in May, with expectations of increased income in the coming months through improved tax and customs collection, as well as exceptional revenues, amid continued high spending in the second half of 2026. This report is part of the Ministry of Finance’s efforts to enhance transparency and disclose financial performance, aiming to inform citizens about government resources and expenditures, support liquidity management, and prioritize spending priorities.