Cabinet approves outlines of state budget for FY 2019

Human Rights Report: Members of Transitional Council Committed 312 Cases of Arrest, Forcibly Disappearance in Hadhramaut during two Weeks

The Yemeni Network for Rights and Freedoms has revealed the documentation of 312 cases of arbitrary arrest and forcibly disappearance committed by members of the Southern Transitional Council in Hadhramaut Valley and Desert.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Oil rises in early Asian trading

Oil prices rose up nearly a dollar in early Asian trading today, Thursday, after U.S. President Donald Trump announced a ban on the entry and exit of oil tankers to and from Venezuela.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/21 Time 12:48:17
Latest News:

Human Rights Report: Members of Transitional Council Committed 312 Cases of Arrest, Forcibly Disappearance ..

Yemen Calls for Addressing Roots behind Migration, Strengthening International Support for Government ..

President al-Alimi Praises Parliament's Support Toward De-escalation Efforts in Eastern Governorates

Leadership Council Chairman Reaffirms Full Support for Hadramout Governorate Authorities

Taiz Governor Directs Formation Committee to Prepare Plan to Address Water Crisis

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.