subsidies cut or removal poses great concern for most syrians
Last Updated : GMT 17:43:26
Arab Today, arab today
Arab Today, arab today

Subsidies cut or removal poses great concern for most Syrians

Arab Today, arab today

Arab Today, arab today Subsidies cut or removal poses great concern for most Syrians

Damascus - XINHUA

The steep depreciation of the Syrian pound and the soaring prices of almost all consumer commodities have overburdened the Syrian government and forced it to mull removing or cutting subsidies for consumer goods, a move that could pose great concern for most Syrian people. A recent survey unveiled that the government\'s subsidies have reached 386 billion Syrian pounds (about 3.88 billion U.S. dollars) in 2012, about 29 percent of the size of the state budget and 13 percent of the size of the GDP. The survey said this figure has further increased in 2013 to reach 499 billion Syrian pounds (about 5 billion dollars), or 36 percent of the general budget. Media reports said the government has thought thoroughly about removing the subsidies before deciding finally to raise the prices of some subsidized items, particularly diesel, petrol and gas, achieving thus a daily profit amounting to 150 million Syrian pounds (1.5 million dollars). The decision to raise the price of oil derivatives has infuriated the majority of the Syrian people, especially as their wages remain unchanged. Following the recent increase in fuel prices, Syrian Prime Minister Wael al-Halqi assured its people that the government has no intention of removing the subsidy policy, stressing that it has recruited all its capacity to meet people\'s requirements. He also voiced the government\'s commitment to providing free basic services related to education and health to citizens. Moussa al-Ghareer, a professor at the Faculty of Economics, warned that the state subsidies would pose very great pressure both on the budget and the GDP, indicating that if the cost of the subsidies soars further, it may have negative impacts and become unaffordable by the government. In remarks published by local al-Watan newspaper, al-Ghareer pointed out that the subsidies of electricity and oil derivatives cost about 80 percent of the total government subsidies of all items. He indicated that some studies embrace the notion of reconsidering the state subsidies and raising the prices of subsidized commodities in order to reduce the budget deficit, adding that the government would grant, in exchange, annual cash to needy families. Yet, the middle and lower classes are the hard hit by the 27- month-long crisis, as most of them have been obliged to leave their houses in the suburbs of the capital Damascus and other hot areas in central, southern and northern parts of the country to flee dangerous clashes. Any cut in subsidies may put additional pressures on them and make matters worse. \"We are almost living on bread and if its price is raised, we would eventually have nothing to eat,\" said Amal, a mother of five children and a widow in her 50s. Lamia Assi, former minister of economic, proposed three steps to enhance the value of the Syrian currency and improve the GDP. She said the core of the problem of the Syrian economy lies in the GDP\'s shrinking, adding that the treatment would be by launching all the forces of production, whether for large, medium or small industrial workshops, and transferring all factories to safer areas, in addition to facilitating small and medium loans. She also suggested that the Central Bank of Syria be the only seller of the U.S. dollar, and called on stopping financing the imports of the private sector, and importing commodities directly by state institutions to distribute them to citizens or producers by the real prices without profit margins.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

subsidies cut or removal poses great concern for most syrians subsidies cut or removal poses great concern for most syrians

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

subsidies cut or removal poses great concern for most syrians subsidies cut or removal poses great concern for most syrians

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday