Financial and Banking News

Budgets & Revenues

Syrian Budget Projects 17% Spending Increase In 1994 As FinancialStrains Continue

The Syrian budget for 1994, which was published in full in the OfficialGazette dated 20 June, projects a 17% increase in spending over 1993 with mostof the extra money being allocated to "government services,"particularly those connected to national security. Manufacturing industries andelectricity, water and gas also saw their...