budget | Al Majalla

Algerian President Abdelmadjid Tebboune riding a military vehicle during the parade on the 70th anniversary of the Algerian Revolution on November 1 in Algeria.

Algeria’s ‘optimistic’ budget is the largest since independence

With subsidies still being paid, the budget deficit has ballooned from $45bn in 2024 to an expected $62bn next year. This largesse worries some, but apparently not the government

Rabia Abdul Salam 16 November 2024

Al Majalla

Syria’s 2025 budget is bigger but light on subsidies and detail

Damascus has artificially lowered prices for years, but Syrians today cannot afford basics like fuel without them, meaning its budget has become a delicate balancing act

Joseph Daher 14 November 2024

An employee piles up stacks of Syrian lira banknotes at the Commercial Bank of Syria in Damascus, on November 10, 2022.

LOUAI BESHARA/AFP via Getty Images

Syria’s draft national budget for 2024 reflects the depth of its economic crisis

A big rise in spending in nominal terms says much more about the collapse of the pound than government spending power, as it continues to drop subsidies, including on fuel, deepening poverty rates

Joseph Daher 06 November 2023

Popular
Editor's Pick

Nesma Moharam

Politics

Lebanon: The Third Republic

01 December 2024

Will stakeholders be able to breathe new life into the Lebanese state, or will we see the birth of an entirely new one?

Al Majalla - London

Sara Gironi Carnevale

Politics

Lebanon's maze to opportunity

01 December 2024

Putting Lebanon back on the path of statehood and economic recovery is not only an urgent necessity for the Lebanese but also a step toward building a more peaceful and prosperous Middle East

Paul Salem

An HTS fighter mans a position in the eastern outskirts of the town of Atarib, in Syria's northern province of Aleppo, on November 27, 2024, as smoke rises in the distance after clashes with the Syrian army.

Abdulaziz KETAZ / AFP

Politics

As Lebanon's battlefield closes, Syria's reignites

30 November 2024

A surprise offensive by the Turkish-backed HTS came after Israel warned Damascus it would pay a 'heavy price' if it keeps arming Hezbollah. How might Syria's stakeholders respond? Al Majalla explains.

Ibrahim Hamidi

Rob Carter

Profiles

Tulsi Gabbard: Trump’s curveball National Intelligence pick

01 December 2024

Loved in Russia but distrusted by the establishment, the next potential overseer of US intelligence agencies could very well clean house. Cue an almighty showdown.

Tarek Rashed