After completing an administrative restructuring of ministries to increase efficiency and accountability, Syria’s finance minister announced on Sunday that the government would raise the pay of many public sector workers by 400% the next month. A combination of regional help, new investments, and efforts to unfreeze Syrian assets held abroad would finance the increase, which is expected to cost 1.65 trillion Syrian pounds, or almost $127 million at current exchange rates.<\/p>\n
Mohammed Abazeed, the finance minister in Syria’s interim administration, told Reuters that this month’s wages for public sector employees would be distributed this week, saying, “(This is) the first step towards an emergency solution to the economic reality in the country. Following 13 years of fighting and sanctions, Syria’s new caretaker government has implemented these steps as part of a larger plan to stabilize the country’s economy.<\/p>\n
Like most Syrians, public sector workers under the overthrown administration of President Bashar Al Assad made about $25 per month, which put them below the poverty threshold, according to Abazeed.<\/p>\n
The increase would impact individuals with the requisite experience, education, and abilities for reconstruction and would come after a thorough review of up to 1.3 million registered public sector workers to eliminate fake workers from the payroll.<\/p>\n
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