Syrian caretaker government to hike public sector salaries by 400% next month

Syria's finance minister said Sunday the government would hike salaries for many public sector employees by 400% next month after completing an administrative restructuring of ministries to boost efficiency and accountability.

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.

"(This is) the first step towards an emergency solution to the economic reality in the country," Mohammed Abazeed, the finance minister in Syria's caretaker government, told Reuters, adding that this month's wages for public sector staff would be paid out this week.

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.

Salaries of Syria's public sector employees under toppled President Bashar al-Assad's regime were around $25 a month, putting them below the poverty line, along with the majority of the country's population, Abazeed said.

The hike would follow a comprehensive evaluation of up to 1.3 million registered public sector employees to remove fictitious employees from the payroll and would affect those with sufficient expertise, academic qualifications, and the necessary skills for reconstruction.


Reuters