[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.
Council of Ministers discusses state's general budget spending plan of 2024
Al-Shaddadi receives Tulia Akson
Musawah organization documents 14 civilians killed in the terrorist militia's prisons from Dhamar
Eryani: Houthi leader's confession to killing hundreds of thousands shows Houthis as a bloody gang good only at blood shedding
President al-Alimi appoints Shaei al-Zandani Foreign Minister
Presidential Council discusses latest national developments
Taiz Governor discusses plans to combat cholera, dengue fever
Al-Alimi: The Decisive Storm represented a firm message of deterrence to damaging projects
Eryani condemns Houthi torture of academician Sabri Al-Hakimi to death
Yemen welcomes adopted resolution for ceasefire in Gaza Strip