Cabinet approves outlines of state budget for FY 2019

Prime Minister Holds Talks in Aden with UK Minister of State

Prime Minister Salem Saleh bin Buraik held a round of talks on Tuesday in the interim capital, Aden, with the UK Minister of State for Middle East and North Africa Affairs, Hamish Falconer.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/18 Time 09:35:13
Latest News:

President al-Alimi Receives UK Minister of State for Middle East and North Africa Affairs

Taiz Deputy Governor Discusses with Save the Children Interventions

Deputy Minister of Planning Discusses Economic Resilience Project with EU and OECD

Minister of Industry and Trade Discusses Partnership Opportunities with EU and OECD Delegation

President al-Alimi Returns to Aden

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.