Middle East Economic Survey
Yemens 2005 Budget Projects $405Mn Deficit
The Yemeni parliament on 5 January approved the budget for 2005, projecting revenue at YR761.8bn ($4.140bn), expenditures at YR836.4bn ($4.545bn), and a resultant deficit of YR74.6bn ($405mn). According to the budget statement, the government share of oil revenue in 2005 is estimated at $1.25bn, slightly down from $1.28bn in 2004. The statement said the new budget showed that the government...