NO. 25


Financial and Banking News

Budgets & Revenues

Yemen Budget Predicts Big Deficit for 1992

The Yemeni budget for 1992 envisages a deficit equivalent to 27% of totalexpenditure. Revenues are put at YR45,778mn ($3,549mn) against expenditure ofYR58,113mn ($4,505mn) leaving a deficit of YR12,335mn ($956mn). The deficit issmaller than in 1991, when it is estimated to have been equivalent to 44% ofexpenditure. The budget was approved by the Yemeni Parliament at the end of...