Syria approves French plan to modernize its finances
Syria-France, Local, 7/14/2004

Syrian and French finance officials on Tuesday discussed a French report prepared by specialized French advisors to modernize and develop the Ministry of Finance in fields of taxes, customs and banking.

Minister Mohammed al-Hussein held talks with the French treasury delegation headed by Bernard Pichoure on the report which explains ways of unifying the state balance sheet and establishing a General Directorate for budget and expenses as well as the use of information technologies in organizing and preparing the balance sheet.

In taxes domain, the report aims at the implementation of a just and soft taxes for citizens who would be encouraged to pay their taxes with a stress on laws, transparency and procedures to bring back confidence between the tax earner and finance departments.

A French mission is scheduled to visit Syria in the coming fall to estimate customary needs. The report wants to facilitate trade exchanges.

The French expertise is also a must in the field of banking sector reform in addition to the contribution in analyses and estimations.

Minister of Finance expressed readiness to go ahead with the report implementation and to make the Ministry a more active element in the Syrian economic modernization.

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