Financial and Banking News

Budgets & Revenues

Yemen Allocates $625Mn For Investment In 1995

The Yemeni cabinet has allocated YR35bn ($625mn at the official exchangerate) for investment projects in 1995. The local SABA news agency, whichreported the Cabinet's decision, said that YR20bn would be spent onreconstruction and infrastructure. Yemen has not yet issued a draft budget for1995. No budget was issued for 1994 or 1993.