VOL. XLV

No 2

14-January-2002

SYRIA

Syria Government Approves $7.1Bn2002 Balanced Budget, With 14.3% Capex Increase

The Syrian Government on 29November approved a S356bn ($7.1bn) predictably balanced budget for 2002,projecting a 10.7% increase in both expenditure and revenue compared to the2001 balanced budget of S322bn ($6.4bn). While the rise in spending is less thanthe 16.9% increase for the 2001 budget it is higher than the 2000 budgets 7.9%increase in expenditure and 7.87% increase in...