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

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 suffers another record in COVID-19 cases

Updated 20 September 2020

Lebanon suffers another record in COVID-19 cases

  • The new cases registered by the Health Ministry bring the overall number of confirmed cases in Lebanon to 29,303
  • It was the third consecutive record-breaking day of confirmed virus cases

BEIRUT: Lebanon registered a record 1,006 cases of COVID-19 over the past 24 hours, the government announced Sunday, amid a sharp increase in infections and deaths due to the new coronavirus.
Health Minister Hamad Hassan recommended a total lockdown for two weeks to stem the alarming rise in daily detected infections, but authorities will find it difficult difficult to impose another lockdown amid an unprecedented economic collapse.
The new cases registered by the Health Ministry bring the overall number of confirmed cases in Lebanon to 29,303, while deaths have reached 297 since the first case was reported in the country in late February.
It was the third consecutive record-breaking day of confirmed virus cases.
The rise began after a lockdown was eased and the country’s only international airport was reopened in early July. The surge continued after the massive Aug. 4 explosion in Beirut’s port that killed 193 people, injured at least 6,500 and devastated much of the city.
The blast also overwhelmed Beirut’s hospitals and badly damaged two that had a key role in handling virus cases.