Reports from the Syrian Central Bank or international financial organizations like the IMF

Syrian Government Announces 400% Emergency Salary Increase for Public Sector Next Month

Jan 5, 2025, 03:01 PM

Syria's Finance Minister has announced a 400% increase in salaries for many public sector employees as an emergency measure, effective next month. This follows the completion of an administrative restructuring aimed at enhancing efficiency and accountability within the government. The salary increase, which will cost approximately 1.65 trillion Syrian pounds monthly, will be funded through the national treasury, regional aid, investments, and potentially through unfreezing Syrian assets held abroad. Salaries for public sector employees are scheduled to be disbursed on January 5th or 6th.