BREAKING NEWS

Syria's Assad proposes to increase state, military salaries

By REUTERS, JPOST.COM STAFF

JUNE 22, 2013 20:15

BEIRUT - Syrian President Bashar Assad ordered pay rises for Syrian soldiers and government employees on Saturday to address steep increases in the cost of living caused by the two-year uprising against his rule.

State media said the pay hikes would raise monthly wages by 40 percent for the first 10,000 Syrian pounds ($50), tapering to 5 percent for monthly pay above 30,000 pounds. Retired state employees would get more modest rises, it said.

Sharp falls in the Syrian pound have driven up the price of many goods in recent days. The currency, which stood at 47 to the dollar at the start of the conflict in March 2011, has tumbled in value to below 200.

Syrian Finance Minister Ismael Ismael in statement to Syrian state news agency SANA said the salary increase was expected to be implemented on July 1.

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