Syrian People’s Assembly on Monday approved a law including the general state budget for the fiscal year 2011.

The law consists of 27 articles specifying the approbations and revenues of the general state budget for the fiscal year 2011 with a total sum of SYP 835 billions (1USD=46 SYP).

During a session chaired by the Assembly’s Speaker Dr. Mahmoud al-Abrash, the Assembly called upon the Government to present its program with regard to supplying citizens with oil subsidies soonest possible through forming specialized committees at the Ministry of Finance.

Syrian Arab News Agency (SANA) indicated that the law of the budget consists of 27 articles that set the appropriations and revenues of the state budget for fiscal year 2011, the total amount of $ 835 billion Syrian pounds.

According to the budget, the total current appropriations and estimated investment of public bodies of administrative and economic reach 2564.7 billion SP, and be of the current appropriations specific points of administrative overhead, and investment allocations as specific points of the general administrative and economic development, 835 billion lira, with an appropriation of ongoing uses for the estimated points of public economic 1729.7 billion SP.

The budget allocated 54.5 percent of the current appropriation, ie about 455 billion SP, while 45.5 percent of credits allocated investment to be a 380 billion.

General budget for 2011 increases by 11 percent from the year 2010 appropriations, which was estimated at 754 billion SP.

Minister of Finance Mohammad al-Hussein said, earlier, last month, that the budget in 2011 depends up to 2% on foreign loans of Arab funds with no conditions or foreign agendas, while 98% of its funding will be relying on own resources.

Draft budget for 2011was prepared in harmony with the indicators of Eleventh Five Year Plan, taking data of the economic environment in Syria and the urgent need to draft the necessary and important as projects of water, energy, transport and continue to secure the requirements of social and health care, education and other.

The government says it will focus during the five-year plan the next which will begin in 2011, continue to provide more job opportunities, and improve the standard of living of the citizens, and improve the infrastructure sectors with a view to upgrading the national economy and advance the process of sustainable development in various aspects of economic and social life, and meet the expectations of citizens a better The stronger performance of the national economy.

Diesel Support

In a related development, the Council called on the government to clarify support for eligible citizens as soon as possible, and the formation of committees in the Ministry of Finance on the distribution of support for diesel fuel.

The Minister of Finance called on to evaluate the method of diesel fuel to support eligible, pointing out that “there is a different mechanism to guide those who deserve support from citizens across the Social Aid Fund and Social Survey.”

The Deputy Prime Minister for Economic Affairs Abdullah Dardari said last month that the government was “committed to the delivery of financial support for diesel fuel to those who deserve it,” pointing out that any support system “should be to achieve justice and economic efficiency, financial, and within available resources.”

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