Syria's government will increase the salaries of many civil servants by 400 percent next month after completing an administrative restructuring of ministries to boost efficiency and accountability, Finance Minister Mohammed Abazid said on Monday, Reuters and BTA reported.
The increase, estimated to cost 1.65 trillion Syrian pounds, or about $127 million at current exchange rates, will be financed by existing state resources, plus a combination of regional aid, new investments and efforts to unfreeze Syrian assets abroad.
"This is the first step to urgently address the country's economic reality
The salaries for the current month will be paid this week, he added.