Cabinet approves outlines of state budget for FY 2019

Al-Sharjabi Discusses Joint Cooperation with Ambassadors of EU, France

The Minister of Water and Environment Eng. Tawfiq al-Sharjabi held talks today, Monday, in the interim capital Aden, with the Ambassador of the EU to the Republic of Yemen Patrick Simonnet and the French Ambassador Katherine Corm Kammoun on the cooperation and coordination in the fields of water, environment, climate change and the European funded projects.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/11 Time 10:06:30
Latest News:

Prime Minister Receives in Aden Ambassadors of EU, France

Public Works Minister Discusses Stoped Projects with Taiz Governor

Aden Governor Reviews Operations of Immigration and Passport Authority

Yemen Condemns Terrorist Attack Targeting Security Checkpoint in Pakistan

Aden Governor Commends ICRC Humanitarian Efforts

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.