Middle East Economic Survey

VOL. XLIX

No 1/2

2/9-January-2006

YEMEN

Yemen Approves 2006 Budget With $650Mn Deficit Despite Vocal Opposition

Yemens parliament on 28 December voted in favor of the governments draft budget which forecasts a deficit of YR127bn ($651mn) on expenditure of YR1,179bn ($6bn) and revenue of YR1,052bn ($5.4bn). The countrys somewhat unstable currency has depreciated against the US dollar since the draft budget was approved by the Supreme Budgets Committee in November, despite...