Two years after rebels led by President Ahmed al-Sharaa ousted Bashar al-Assad, many Syrians say their financial situation has worsened. Prices for fuel, bread and electricity have risen, while some people have cut meals, sold furniture and limited lighting. The United Nations Development Programme reported that 90% of Syrians were in poverty last year.
Last month, protests erupted across the country after the government raised fuel prices again, prompting the largest show of discontent since Sharaa came to power. People burned tyres, blocked roads and chanted slogans. Days later, amid calls for further demonstrations, the increase was revoked.
Sharaa came to power after rebels ousted Assad, ending five decades of his family's rule and more than 13 years of civil war. Since then, he has led Syria's transition and efforts to revive a broken economy. But the cost of virtually everything has gone up.
The government has slashed long-held subsidies as part of an austerity drive. The price of bread has increased tenfold. Fuel prices are now in line with the international average, putting pressure on farmers and making transportation more expensive. Electricity costs have risen several hundred per cent for some. Public sector wages, including pensions, have been adjusted, but the effect has been lost as prices keep rising.
In a suburb of Damascus, Fatima Saleh Eid, a 50-year-old cleaner, described the family's struggle. "We eat more sparingly now. We can't afford chicken anymore nor meat. We only eat vegetables but even [that is] expensive," she said. "Inshallah [God willing] things will get cheaper."
Marwan Bashour, a 68-year-old pensioner in Damascus, said his monthly pay of around $90 is not enough. He said he borrows money and sells items from his home to get by. Like many Syrians, he used to rely on aid agencies, but that help has stopped for him as organisations have been forced to cut back services because of funding cuts.
Nabil al-Remhein, 63, a pensioner whose four adult children cannot find work, said the family now has only one meal a day. “It's tragic,” he said. “We're all hungry. We're suffocating under rising costs.” He said they had cut back on lighting in the house and turned off the fridge for about five hours a day. He has not paid the latest electricity bill.
Dr Haid Haid, a Syrian columnist and consulting fellow at Chatham House, said a “significant portion of the population” is worse off than before Assad's fall. The economic crisis is “one of the most dangerous issues” for the government, he said. He said part of it was due to the legacy of the former regime, but also to the direct impact of new policies moving towards a liberal free-market economy that do not take into account the impact on people.
Samir Aita, a Syrian economist, said the crisis is a “combination of policies with the [government] not managing expectations and creating unrealistic hopes”. He said the situation is unsustainable and he fears chaos if they do not change.
The government said pressure on energy markets from the US-Iran war was in part behind the fuel increase.
International sanctions imposed in the Assad era have been lifted and the US removed Syria from its list of state sponsors of terrorism. The country feels more stable, and Sharaa earlier this year retook the resource-rich north-east from a Kurdish-led militia. But large parts of the country remain in ruins. The World Bank estimates reconstruction costs at $216bn, and without foreign help and investment, rebuilding is impossible.
Abu Mahmoud, a cab driver, said: “They inherited the country bankrupt, so people need to be patient. Things don't happen overnight.”
Analysis
Why This Matters
- 90% of Syrians in poverty: the crisis affects virtually the entire population, with families reducing meals and selling possessions.
- The government's handling of the economy is generating public anger and could trigger further unrest, threatening the stability of the post-Assad transition.
- Without foreign investment for reconstruction, estimated at $216bn by the World Bank, the country's recovery remains out of reach.
Background
After more than 13 years of civil war, rebels led by Ahmed al-Sharaa ousted President Bashar al-Assad two years ago. Sharaa became president and began efforts to revive a broken economy, lifting Assad-era international sanctions and achieving removal from the US list of state sponsors of terrorism. However, the cost of living has soared, and last month's fuel price increase sparked the largest protests since Sharaa took power. The increase was later revoked.
Key Perspectives
Protesters: Angry at the fuel price rise, some said they continue to support the authorities but can no longer afford basics. One protester said "we have begun to fear what kind of new decision each morning will bring."
Government: Has cited the legacy of the Assad regime and external factors such as pressure on energy markets from the US-Iran war for the fuel increase.
Dr Haid Haid: A Syrian columnist and Chatham House fellow, he said the crisis is "one of the most dangerous issues" for the government, partly caused by the government's own free-market policies that do not consider the impact on people.
Samir Aita: The economist said the situation is "unsustainable" and he "fear[s] chaos" if policies are not changed.
What to Watch
- Whether further price increases or cuts to subsidies prompt new protests.
- Whether the government adjusts its economic approach in response to growing hardship.
- Whether international investment materialises to fund reconstruction.
Checked
12 claims in this story checked against 1 source: 12 supported.
Show each claim
- SupportedSyria’s post-Assad economic recovery has yet to happen, while the cost-of-living crisis is growing.BBC News: “But real economic recovery is yet to happen. The increase was the latest in a series of measures people blame for a growing cost-of-living crisis.”
- SupportedThe fuel-price protests were the largest show of discontent since Ahmed al-Sharaa came to power.BBC News: “It was the largest show of discontent yet since President Ahmed al-Sharaa came to power two years ago.”
- SupportedThe fuel-price increase was later revoked.BBC News: “Days later, amid calls for further demonstrations, the increase was revoked.”
- SupportedMany Syrians say their financial situation has worsened since rebels led by al-Sharaa ousted Bashar al-Assad.BBC News: “For many Syrians, life, financially, has worsened since rebels led by Sharaa ousted President Bashar al-Assad”
- SupportedThe United Nations Development Programme said 90% of Syrians were in poverty last year.BBC News: “The United Nations Development Programme said 90% of Syrians were in poverty last year.”
- SupportedFatima Saleh Eid said, “We eat more sparingly now. We can't afford chicken anymore nor meat. We only eat vegetables but even [that is] expensive.”BBC News: “"We eat more sparingly now. We can't afford chicken anymore nor meat. We only eat vegetables but even [that is] expensive," Fatima said.”
- SupportedThe price of bread has increased tenfold.BBC News: “The price of bread, a Syrian staple, has increased tenfold.”
- SupportedNabil al-Remhein said his family now has only one meal a day.BBC News: “"We're now having only one meal a day. It's tragic," he said.”
- SupportedMarwan Bashour’s monthly pay was around $90.BBC News: “Marwan Bashour, a 68-year-old pensioner, said his monthly pay was around $90 (£70), which is the public sector minimum wage.”
- SupportedNabil al-Remhein said his family turns off the fridge for about five hours a day.BBC News: “"We've cut back on lighting up the house and we [also] turn off the fridge for about five hours a day".”
- SupportedThe government said pressure on energy markets from the US-Iran war was partly behind the fuel-price increase.BBC News: “The government said the fuel increase that led to the protests was, in part, due to the pressure on energy markets because of the conflict.”
- SupportedThe World Bank estimates Syria’s reconstruction costs at $216bn.BBC News: “The World Bank says reconstruction costs are estimated at $216bn”