A Glimpse into Syria’s 2025 Budget: What Lies Ahead?
Dr. Mounir al-Hamash, a respected economist and professor, has unveiled a sneak peek into Syria’s draft general budget for 2025. The budget stands at a staggering 52,600 billion Syrian pounds, marking a significant 28 percent surge from the previous year. This distribution sees 70 percent allocated to current expenses and 30 percent to investments, a notable shift from the preceding year’s ratio.
Dr. Hamash sheds light on the impact of inflation and the national currency devaluation on these figures, urging a comprehensive analysis to combat rising inflation rates. He critiques the lack of scientific backing for the projected deficit figures within the budget.
Moreover, he questions the emphasis on the private sector by the Prime Minister, stressing the urgent need for restructuring and bolstering the public sector to revitalize the national economy. Dr. Hamash advocates for strategies to alleviate poverty, food insecurity, unemployment, and housing challenges, while seeking solutions to facilitate the return of refugees to their homeland.
This insight was translated and adapted by The Syrian Observer. Verification of the content remains the responsibility of the author.
Original article: Budget Didn’t Seriously Address Poverty, Food Insecurity & Unemployment