Prime Minister: Restructuring subsidy has economic, social and national goals

Prime Minister Eng.Hussein Arnous has affirmed that the goal of restructuring the subsidy is purely economic, social and national and will reflect positively on society despite the difficulties it brings. It also aims to “re-reduce the budget deficit and allocate a financial mass to support the poorest families and production and to improve the purchasing power of citizens and support the stability of the exchange rate of the lira.”

Eng.Arnous said in an interview with Al-Watan newspaper that “the subsidy value in the 2022 budget amounts to about 6.000 billion Syrian pounds without calculating the electricity subsidy out of the total budget, which amounts to approximately 13.500 d billion pounds. This amount increases the budget deficit and its results will be very negative on the country’s economy.”

The Prime Minister added, “the process of restructuring the subsidy can lead to a reduction of 1000 billion out of the 6000 billion, which in turn will  reduce the budget deficit by a portion of this amount. It will also result in the redistribution of the remaining part of it to the neediest families and in support of production and some groups and professions that need this subsidy much more than others.

The premier underlined the continued support of agricultural sector to secure wheat and flour to the bakeries so that bread remains available at an acceptable price for the citizen who deserves to get it at this price.”

Inas Abdulkareem  

You might also like
Latest news
British Mission in Syria posted on platform “X” on the anniversary of the chemical attack on the cit... Press Release Issued by the Government of the Syrian Arab Republic Regarding the Amnesty Internation... President Al-Sharaa receives a message of congratulations from the Director of the Organization for ... The Secretary General of the Arab League warns of the consequences of the Israeli riot in the region Britain calls on Israel to respect the territorial integrity of Syria The U.S. Embassy in Syria praises the civilized role of Syrians living in America Solidarity vigils with the families of the martyrs of Daraa throughout Syria Demonstration in Moadamiyet al Sham A vigil for the people of Khan Sheikhoun commemorating the 8th anniversary of the chemical massacre Al Sheibani :On the anniversary of the chemical attack on Khan Sheikhoun (Idlib)we pledge to continu... Al Sheibani welcomes decision of Human Rights Council Civil delegations visit the city of Nawa to offer condolences to the martyrs families and community ... Turkey Warns Against Israeli Actions in Syria, Citing Risks to Regional Stability and Counterterrori... A protest in the city of Sweida condemning the Israeli attacks Minister al-Ali  discusses with Syrian doctors  in Germany ways to support the health sector Eid al-Fitr Initiative " a message of hope and love for children and families” The organization of Islamic Cooperation condemns the ongoing Israeli attacks on Syrian territory The health sector in Gaza is suffering a catastrophic situation Kuwaiti Foreign Ministry condemns Israeli attacks on Syria          Turkey holds Israel responsible for threatening regional security