Reasons for AANES’ budget deficit in eastern Syria ...Syria

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The Autonomous Administration of North and East Syria (AANES) estimated the expected deficit in the general budget for the fiscal year 2024 to be $389 million. Based on the planned expenditures and projected revenues for the current year, AANES announced on June 8 that it estimated general revenues to be $670 million, while total expenditures reached $1.059 billion. The budget deficit was not surprising, but at the same time, it is noteworthy that the Autonomous Administration manages the richest part of Syria’s geography, where most of the oil wells and arable lands are concentrated. While AANES estimated its revenues for the current year at $670 million, it stated that its expenditures exc

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Last updated : 14 June 2024 clock 03:32 PM

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Reasons for AANES’ budget deficit in eastern Syria ...Syria

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