The regime announced Syria’s annual budget for next year, signaling that it will continue to implement austerity measures across the board, as Syrians are experiencing worsening economic hardship. Bread and fuel shortages across the country continue, with almost half of the bakeries in Daraa forced to close in the last 48 hours due to flour shortages. Monthly subsidized fuel allocations are falling far short of needs, especially with winter approaching and heating required. Meanwhile, the agricultural sector in Syria is deteriorating with the annual rainfall delayed again this year, and reduced investment in local farmers by Syrian businessmen as they are seeking to move their investments out of the country. Meanwhile, a final draft was reached for the agreement between Lebanon, Syria and Jordan to begin supplying Lebanon with Jordanian electricity via Syria, with funding from the World Bank.
This file monitors and analyses the economic crisis in Syria on a monthly basis and includes economic indicators in the attached database.