Cabinet approves outlines of state budget for FY 2019

Republican Decree Appoints New President of Dhalea University Issued

The Republican Decree No. (54) of 2026 issued Thursday The first Article of the decree appoints Dr. Abdulfattah Qasem Nasser al-Shuaibi as President of Dhalea University.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/07/03 Time 12:32:40
Latest News:

Minister of Planning Discusses Enhanced Partnership, Development Priorities in Yemen with Friedrich Ebert ..

Yemen, Bulgaria Discuss Strengthening Diplomatic Training and Cooperation

Yemen, Indonesia Seek to Expand Higher Education and Research Cooperation

Agriculture Minister Highlights Governance as Key to Smart Farming at FAO Global Conference

Agriculture Minister Leads Yemen's Delegation to FAO Global Conference on Smart Farming

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.