10:52 - 6.01.2025

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January 6, Fineko/abc.az. The Syrian Ministry of Finance would hike salaries for many public sector employees by 400% next month after completing an administrative restructuring of ministries to boost efficiency and accountability.

ABC.AZ reports that Syria's finance minister Mohammed Abazeed stated that this is the first step towards an emergency solution to the economic reality in the country.

The increase, estimated to cost 1.65 trillion Syrian pounds, or about $127 million at current rates, will be financed by existing state resources plus a combination of regional aid, new investments, and efforts to unfreeze Syrian assets held abroad.

These measures are part of a broader strategy by Syria's new caretaker government to stabilize the country's economy following 13 years of conflict and sanctions.