Middle East Economic Survey
Yemen Draft Budget For 2006 Projects $705Mn Deficit
Yemens Supreme Budgets Committee on 12 November approved the countrys draft budget for fiscal year 2006, forecasting an estimated deficit of YR127bn ($705mn at the current exchange rate of $1 = YR180.15). The draft budget forecasts spending at YR1.179 trillion ($6,544mn) and revenue at YR1.052 trillion ($5,840mn). Yemens 2005 budget forecast a deficit of YR74.6bn on spending of...