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.
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.