Syrian Finance Minister Muhammad Yaser Barinyah discussed with the Securities and Sovereign Sukuk Committee in the ministry the draft strategic plan being prepared to set a framework and action plan for issuing government securities, including treasury bills, bonds, and sovereign sukuk.

The ministry explained in a statement that the purpose of issuing these instruments is to provide non-inflationary real financing sources to fund the state's general budget, and to create a benchmark index to help price financial assets in Syria, thus assisting financial and banking institutions in pricing their financial services in a manner that efficiently reflects risks.

It indicated that these instruments will enable the Central Bank of Syria to activate active liquidity management and open market operations, according to the Syrian Arab News Agency (SANA).

Barinyah stressed the importance of completing the plan in consultation with local entities, foremost the Central Bank, in line with the liquidity situation in the economy and financing needs, noting that government financial instruments are a public good that the national economy and its components will benefit from.

He said the ministry's plan is based on gradually expanding issuances with longer maturities to build a benchmark yield curve for government securities in the short and medium term, emphasizing the importance of achieving financial sustainability, which means the state's ability to finance its current and future obligations without creating financial imbalances, while maintaining deficit and financing levels that can be responsibly managed.

It is noteworthy that the general budget for 2026 stipulated resorting to issuing sukuk as a main source to finance the estimated budget deficit.

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