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PM emphasizes strict enforcement of Financial Law

[08/10/2017 03:54]

ADEN-SABA
Prime Minister Ahmed bin-Daghr has emphasized the imperative of strict enforcement of the provisions of the Financial Law concerning revenues and expenditures.

In a meeting with the acting governor of the Central Bank of Yemen (CBY) Ahmed Hussein in Aden on Sunday, bin-Daghr underlined the importance of boosting the function of the CBY by cooperation with the Finance Ministry in mobilizing local resources and rationing public spending, to reduce the state budget deficit.

They discussed the level of enforcement of the state budget for the period September 2016 to September 2017.

Bin-Daghr hailed the vital role of the CBY in maintaining liquidity in delicate circumstances like the current.

The acting governor gave bin-Daghr an overview on the status of the Rial in the exchange rate saying violators of the CBY law and rules who tamper with the Rial rate should be subject to the necessary penal measures.