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2026/03/16
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Latest News:
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Latest News:
Minister of Local Administration Discusses Efforts to Strengthen Decentralization with German Ambassador
Yemen’s Ambassador Discusses Joint Cooperation with German Ministry of Environment
PM Reviews Work at Foreign Ministry, Chairs Meeting with Department Heads
Prime Minister Receives UNFPA Representative in Aden
President Al-Alimi Orders Urgent Aid for Families of Victims in Hairan Attack
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.
Key words:
inflationary - expenditures - instruments - government - mechanisms - developing - mobilizing - provinces - SABA The - Committee -
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