Middle East Economic Survey
Yemeni Cabinet Approves 2011 Draft Budget Aimed At Reducing Deficit
Yemens cabinet has approved a draft state budget for fiscal year 2011, which aims to reduce the deficit sharply. According to the budget, total revenues for next year have been estimated at YR1,519,589mn ($7.134bn), a decline of 0.05% from the 2010 revenues estimate of YR1,520,412mn ($7.138bn). The 2011 budget projects a decline of 9.5% in total expenditure to...