Syrian Arab News Agency S A N A
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Damascus, SANA – The People’s Assembly approved Thursday the bill on the state general budget for the fiscal year 2016 in a session headed by Speaker Mohammad Jihad al-Laham.
The budget was set at SYP 1,980 billion, with an increase of 426 billion or 27.41% compared to the 2015 budget, which was SYP 1,554 billion.
Funds allocated for social subsidy, which will go towards stabilizing prices in markets, are set at SYP 192.25 billion, and the total sum allocated for social subsidy which includes all ensuing financial obligations is estimated at SYP 973,250,000,000.
Funds allocated for salaries, wages, and compensations are set at SYP 372.07 billion, which is 56.02 billion more than the 2015 budget.
M. Nassr/H. Said
