Cabinet approves outlines of state budget for FY 2019

PLC Chairman: IRGC Flight to Sana'a a Flagrant Violation of Yemen's Sovereignty and a Direct Challenge to the International Order

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council, called for a firmer international response to Iran's blatant interference in Yemen, following the Iranian regime's operation of a flight belonging to the Islamic Revolutionary Guard Corps (IRGC) to Sana'a Airport, which is under the control of the Houthi terrorist militias. He described the flight as a clear violation of Yemen's sovereignty and a blatant breach of international law and relevant UN Security Council resolutions.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/06 Time 04:26:39
Latest News:

Ambassador al-Ashbi Meets Pakistani Foreign Ministry Official for Middle East Affairs

Transport Minister Reviews Procedures for Approval of Qana Port Project in Shabwa

Minister of Interior Discusses Security Cooperation with Chinese Embassy Chargé d'Affaires

Masam Removes 1,207 Landmines and War Remnants Last Week

Health Minister Orders Tougher Oversight of Public and Private Health Facilities

Cabinet approves outlines of state budget for FY 2019

[20/02/2019 04:10]

ADEN -SABA
The Cabinet has approved the outlines of the state budget for the fiscal year 2019 as drafted by the Higher Committee for Budgets, in light of the state's economic, financial and monetary policies.

The draft estimated the public revenues from all provinces as YR 2,159,271,000,000 and the expenditures as YR 3,111,153,000,000 at a financial deficit of about 30%.

The government is meant to cover that deficit from non-inflationary sources through the use of domestic debt instruments, mobilizing external funds and developing spending mechanisms that fit with the revenue stream.

The draft budget forecast that the revenues from oil and gas exports will account for 32 percent of the total public revenues during the FY.