Syria president announces $9bn budget for 2019

Syria’s president on Thursday announced a budget for 2019 of almost $9 billion. (SANA/Reuters)
Updated 06 December 2018
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Syria president announces $9bn budget for 2019

  • President Bashar Assad issued the budget after parliament passed the bill on Monday
  • The 2018 budget was of 3,187 billion pounds ($7.3 billion)

DAMASCUS: Syria’s president on Thursday announced a budget for 2019 of almost $9 billion, of which around a third has been allocated to investment projects including in areas ravaged by the war.
Seven years into Syria’s grinding civil war, the Damascus government has expelled rebels and extremists from large parts of the country with Russian military backing.
President Bashar Assad issued the budget after parliament passed the bill on Monday.
Next year’s budget would amount to 3,882 billion Syrian pounds ($8.9 billion, according to the official exchange rate), state news agency SANA said.
From that, 1,100 billion pounds ($2.5 billion) would be allocated to “investment,” SANA said.
Finance Minister Mamun Hamdan said 443 billion pounds ($1 billion) would go to “investment projects in liberated areas or to which the Syrian army brings back stability,” SANA quoted him as saying.
The minister also said that 700 billion Syrian pounds ($1.6 billion) would be spent on electricity projects, without mentioning in which areas, according to state television.
Hamdan told newspaper Al-Watan that the projected deficit for next year was 946 billion pounds (almost $2.2 billion).
The regime this year expelled rebels and extremists from the capital’s surroundings and the south of the country, bringing these areas back under its control.
It has also threatened to retake the northwestern region of Idlib on the Turkish border, but the area is for now protected by a shaky buffer zone deal struck in September between Russia and rebel backer Turkey.
The 2018 budget was of 3,187 billion pounds ($7.3 billion).
Syria’s war has killed 360,000 people and displaced millions since starting in 2011 with the brutal repression of anti-regime protests.


Lebanon says it foiled plots to stage attacks in May

Updated 32 min 8 sec ago
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Lebanon says it foiled plots to stage attacks in May

  • The attacks were planned from Syria’s rebel-held Idlib province and were timed to coincide with Lebanon’s general election, the interior minister said
  • Lebanon’s Internal Security Forces monitored the plot and thwarted it, he said

BEIRUT: Lebanon foiled a plot by militants based in Syria to carry out two attacks this year against places of worship and Lebanese army positions, Interior Minister Nohad Machnouk said on Monday.
The attacks were planned from Syria’s rebel-held Idlib province and were timed to coincide with Lebanon’s general election that took place in May, he said in a televised news conference.
Lebanon’s Internal Security Forces monitored the plot and thwarted it, he said. The country remains safe for both residents and visitors, he added.
Lebanese authorities say they have disrupted or foiled numerous attacks in recent years, including some linked to the conflict in neighboring Syria. From 2013-2016 militants struck Lebanon repeatedly with bomb attacks
Idlib province is part of the last remaining stronghold in Syria outside government control and much of it is held by extremist rebel groups including the country’s former Al-Qaeda affiliate.
Lebanon shares power among its religious sects and has maintained a “dissociation” policy of staying out of regional conflicts.
However, Lebanon’s Iran-backed Shiite group Hezbollah has played a key military role in Syria supporting President Bashar Assad against mostly Sunni rebels seeking to oust him.