Cabinet approves outlines of state budget for FY 2019

PM Reviews Work at Foreign Ministry, Chairs Meeting with Department Heads

Prime Minister and Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani visited the headquarters of the Ministry of Foreign Affairs in the interim capital Aden on Monday, where he reviewed the workflow and the level of administrative and diplomatic performance across the ministry’s various sectors.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/16 Time 05:48:15
Latest News:

Prime Minister Receives UNFPA Representative in Aden

President Al-Alimi Orders Urgent Aid for Families of Victims in Hairan Attack

Masam Project Removes 908 Landmines in One Week

Finance Minister, EU Ambassador Discuss Support for Government Priorities

Human Rights Orgs. Condemn Houthi Attack That Killed, Injured More Than 30 Civilians in Hajjah

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.