Damascus-SANA
The Minister of Finance, Dr. Kinan Yaghi, said that the Council of Ministers discussed today the appropriations and investment plans for the ministries of the state in 2021, the implementation rates and the reasons for their rise and fall, as well as the draft law on the state’s general budget for the year 2022, whose credits were distributed to 11325 billion pounds in current expenses and two billion in investment expenditures.
In a statement to reporters after the session, Minister Yaghi indicated that the budget allocations for 2022 increased by 57.6 percent compared to last year, indicating that the said budget expenditures will be covered by public revenues, which amounted to about 9200 billion pounds, divided into 4400 billion current credits and 4800 billion investment revenues. They are economic surpluses.
He pointed out that the estimated deficit in the state’s general budget for 2022 amounts to 4,118 billion Syrian pounds, and it will be covered by 600 billion pounds of borrowing through treasury bonds, and about 500 million pounds will be external resources, and the rest will be covered by the Central Bank of Syria as credits taken from the reserves with the Central .
Minister Yaghi indicated that the support in the 2022 budget was distributed over a set of items, the most important of which is the support for oil derivatives, which amounted to about 2,700 billion pounds, the supply of flour with 2,400 billion pounds, the sugar and rice subsidy with 300 billion pounds, 50 billion pounds for the Agricultural Production Support Fund, and 50 billion pounds to support a fund Social aid and about 30 billion for the Modern Irrigation Fund and the Drought Fund.
