Cabinet approves outlines of state budget for FY 2019

Health Minister Launches Emergency National Measles, Rubella Vaccination Campaign

Minister of Public Health and Population Dr. Qasim Buhaibeh officially launched an emergency national vaccination campaign against measles and rubella in Aden, in cooperation with the World Health Organization (WHO), UNICEF, and Gavi.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

EU Allocates 525 Million Euros to Support Startups in Chip Design

European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/11/08 Time 11:45:27
Latest News:

Foreign Minister Meets Yemeni Community Representatives in Germany

Yemenis Protest Outside White House and Congress, Demand End to Houthi Siege of Taiz

Coalition Intercepts and Destroys Houthi Cruise Missile Targeting Riyadh

Minister of Information Confers with British Ambassador over Media Cooperation

Amb. al-Wuhayshi Updades Russian Deputy Foreign Minister on Developments in Yemen

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.