VOL. XLII

No. 06

8-February-1999

YEMEN

Yemen Halves Its Budget Deficit

Yemens 1999 budget, which forms part of the first five yearplan (1996-2000), suggests that Yemen has indeed made very positive headway inreform. The official draft version, approved finally in December last year,albeit amidst angry opposition party protests (100 members of the Islamic Islahparty staged their usual walk-out over further removals of subsidies), revealsa 56.7% reduction in the deficit. On the basis of total...