Budget Referred to Parliamentary Accounts Committee

The budget has been set at 1,554 billion Syrian Pounds

The People’s Assembly on Thursday referred the bill on the state’s General Budget for the fiscal year 2015 to the Balance and Accounts Committee.


The Committee will examine it and prepare the required report before the bill is referred back to the Assembly for approval.


The budget has been set at 1,554 billion Syrian Pounds, representing an increase of 164 billion SP on the 2014 budget.


According to the bill, 1,144 billion SP will be allocated for current approbations, while 410 billion SP will be allocated to investment approbations.


Allocations for social subsidies have also been increased by 3,685 billion SP, with the total amount estimated at 9,835 billion SP.


The budget bill also provides for allocating 50 billion SP for the construction and rehabilitation of public facilities and compensation for damages and losses caused to private facilities due to the current events taking place in the country.


MPs stressed in the course of discussions the need for terms on the bill to be accurately and honestly implemented so as to further bolster the steadfastness of the Syrian people to face the current circumstances in the country.


Translated and edited by The Syrian Observer



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