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Latest News:
Masam Removes 180 Landmines from Farmland North of Midi, Restoring Hope for Farmers
Minister of Social Affairs Discusses Situation of Social Fund for Development with International Partners
President al-Alimi Praises Korea's Role In Supporting Yemen, Tightening Sanctions On Terrorist Militias
Yemen, Japan Explore Expanded Security Partnership
Prime Minister: Houthis Responsible for Derailing Peace Efforts
PM presents draft 2019 budget to parliament
[14/04/2019 04:57]
SAYOON-SABA
Prime Minister Maeen Abdulmnalik presented to the parliament's convened session in Sayoon on Sunday the draft 2019 state budget estimating the revenues from the government-hed cities to amount to YR 1,466,307,000,000 mostly from oil, gas and taxes.
The budget also projects YR 2,447,503,000,000 expenditures including for provinces under the control of the Houthi militia.
Speaking about the economic challenges, the Prime Minister pointed out to the militia's control of the state sovereign institutions in the capital Sana'a and the revenue-generating resources since their coup mounted in September 2014.
He also cited the militia's extortionist policy that led to business collapses and the militia's draining of the country's foreign cash reserves of $5 billion in one year which eventually impacted the national currency causing a drastic loss in its value.
He also pointed to the militia's years of crackdown and killing of oppositionists and bombing of their houses, the displacement of civilians in large numbers and the overall unprecedented humanitarian crisis by the militia's relentless war.
Prime Minister Maeen Abdulmnalik presented to the parliament's convened session in Sayoon on Sunday the draft 2019 state budget estimating the revenues from the government-hed cities to amount to YR 1,466,307,000,000 mostly from oil, gas and taxes.
The budget also projects YR 2,447,503,000,000 expenditures including for provinces under the control of the Houthi militia.
Speaking about the economic challenges, the Prime Minister pointed out to the militia's control of the state sovereign institutions in the capital Sana'a and the revenue-generating resources since their coup mounted in September 2014.
He also cited the militia's extortionist policy that led to business collapses and the militia's draining of the country's foreign cash reserves of $5 billion in one year which eventually impacted the national currency causing a drastic loss in its value.
He also pointed to the militia's years of crackdown and killing of oppositionists and bombing of their houses, the displacement of civilians in large numbers and the overall unprecedented humanitarian crisis by the militia's relentless war.
Key words:
oppositionists - unprecedented - SABA Prime - Speaking - humanitarian - parliament's - institutions - expenditures - displacement - extortionist -
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