Yemen cabinet approves 4% spending rise

Yemen’s cabinet approved a draft budget for 2014 that would raise state spending about four per cent to 2.88 trillion rials ($13.4 billion) from the original 2013 budget plan, state news agency SABA reported.

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Published: Fri 27 Dec 2013, 10:25 PM

Last updated: Tue 7 Apr 2015, 4:50 PM

The impoverished Arabian Peninsula nation came close to economic collapse after a popular uprising in 2011 forced former president Ali Abdullah Saleh to step down.

Estimated revenue for 2014 is around 2.20 trillion rials, up about six per cent from the 2013 budget plan, SABA reported late on Wednesday without giving details of revenue sources. Finance Minister Sakhr Al Wajeeh told the agency that next year the government would work harder to generate revenue from the non-oil sector, taxes and customs duties.


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