2021 Budget Reveals the Depth of Syria’s Economic Woes

On September 28, the Syrian government proposed the 2021 budget, planned at 8.5 trillion Syrian pounds ($2.7 billion). The breakdown of the budget is still being debated in parliament. Due to the sharp depreciation of the Syrian pound and the accelerated slowdown in economic activity over the course of the current year, the 2021 budget is not only a 27 percent decrease compared to last year in inflation-adjusted (real) US dollar terms, but is also the smallest budget since the uprising in 2011. In this study with Will Christou, we provide a breakdown of Syria's 2021 budget, revealing the depth of the country's economic depletion.

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