VOL. XXXVII

NO. 1

4-OCTOBER-1993

Financial and Banking News

BUDGETS AND REVENUES

Yemeni Budget Continues To Slide

Yemen ran a budget deficit equivalent to 43% of expenditure during the firstseven months of this year, according to figures published by the Yemen Times.The newspaper's figures, which it says are taken from government sources, showexpenditure of YR34,023mn ($2,617mn at the official rate of $1=YR13) in thefirst seven months, against revenues of YR19,376mn ($1,490mn), leaving a deficitof...