[30/07/2025 05:51]

ADEN-SABA
The Cabinet, chaired by Prime Minister Salem Saleh Bin Braik, convened in Aden to discuss current national and regional developments, service conditions, and a report by the Central Bank of Yemen.

The meeting focused on enhancing coordination between monetary and fiscal policies to stabilize the national currency, increase public revenue, and control expenditures.

Governor of the Central Bank, Ahmed Ghaleb, presented a comprehensive report on the economic, financial, and monetary situation from January to June 2025.

The Cabinet supported the Central Bank's measures to control speculation, stabilize the exchange rate, and enhance supervision of the foreign exchange market.

The government also emphasized the importance of investing in essential services and improving citizens' living standards.

The meeting addressed the decline in public revenue due to the Houthi militia's attacks on oil export ports and discussed mechanisms to finance the deficit without resorting to inflationary measures.

The Cabinet directed relevant authorities to implement urgent response plans to improve services and address citizens' legitimate demands.

The Prime Minister emphasized the need for cooperation and accountability in addressing the country's challenges.

He stated that the government would work to stabilize the economy, improve services, and alleviate the suffering of citizens.

The Cabinet also reviewed the preparation of the 2026 state budget and emphasized the importance of transparency and accountability in managing public finances.

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