No 5

4 February 2002


Yemen 2002 Budget Forecasts Dip In Income,Slight Expenditure Rise

The impact of the slump in oilprices is all too visible in the Yemen 2002 budget, for which the government isforecasting a 1.2% fall in revenues to YR482.0bn ($2.78bn), compared to the 25%rise in revenues that were projected for the 2001 budget. Approved on 21January by parliament, the 2002 budget also proposes increasing expenditure byonly 6% to YR531.8bn ($3.06bn), despite Yemens pressing...