Hassan Dahdouh, the dean of the Faculty of Economics at Damascus University, recently addressed the challenges in determining the true cost of products, as reported by Sawt al-Asima. Economists are facing hurdles in transitioning to monetary subsidies, particularly regarding the pricing of essentials like bread.
A crucial issue highlighted by Dahdouh is the inconsistent pricing of bread bundles, raising concerns about the pricing mechanism within the Ministry of Internal Trade and Consumer Protection in Syria. The lack of a clear methodology for cost calculation in economic and industrial institutions poses a significant challenge.
Economists like Yasser Meshaal and Abed Fadlia emphasize the absence of a cost accounting system within Syrian public institutions, leading to flawed pricing methods for essential goods. The government’s shift towards cash support is viewed as a strategy to phase out subsidies, impacting citizens and markets negatively.
As reported by local newspaper Qasioun, the reduction in subsidy allocations over the years has exacerbated economic challenges. This move towards cash support raises concerns about the welfare of Syrian citizens and the stability of the market.
This article has been translated and edited by The Syrian Observer and does not reflect their views. The responsibility for the information lies with the author.
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