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Cabinet Approves State General Dudget for 2011 of USD 18 Billion
Writer/Source: Sana (12/10/2010)
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Prime Minister Mohammad Naji Otri chaired on Tuesday the weekly Cabinet meeting, during which he underlined the importance of the meeting between President Bashar al-Assad and Turkish Prime Minister Recep Tayyip Erdogan and the talks they held.

Otri said the talks embodied the depths of the relations, strategic partnership and coordination regarding regional issues between Syria and Turkey, calling for coordinating with Turkish counterparts to follow up on the signed agreements and overcome obstacles hindering their cooperation in the fields of economy, commerce, petroleum, natural gas, electricity, and other developmental and services sectors.

The Cabinet approved the draft law for the state general budget for the fiscal year of 2011, the first year of the 11th five-year plan. The general budget amounts to SYP 835 billion (USD 18 billion), marking a 12% increase from the 2010 state budget which amounted to SYP 754 billion (USD 16.3 billion).

Investment funds in the 2011 budget increased from SYP 327 billion (USD 7 billion) in 2010 to SYP 380 billion (USD 8.2 billion) with an increase of 12%.

The draft law for the general budget will provide around 63,565 job opportunities in the general administrative and economic sectors.

The Ministers then discussed several draft laws and legislations and approved a number of them, including a cooperation agreement with Venezuela in the field of labor and social security and a memo of understanding with Brazil in the field of health.

The Cabinet also lauded the efforts of the Defense Ministry in organizing the 1st Arab Military Sports Tournament during the past few days.
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