Yemeni parliament approves first State's general budget since war begin

Seyoun (Debriefer)
2019-04-17 | Since 4 Month

 The Yemeni Parliament

اضغط هنا لقراءة الخبر بالعربية

The Yemeni Parliament on Tuesday had passed the first State's general budget provided by Yemen's  internationally recognized "legitimate" government since the war broke out in the country at the end of 2014.

Aden-based Yemen's "Saba" news agency reported that the Parliament has passed the State's general budget of 2019 on Tuesday with total amount of revenues estimated at ( two trillion, one hundred fifty nine billion and two hundred seventy one million YR).

The total amounts of public expenditures estimated at (Three trillion, one hundred eleven billion and fifty three million YR). Overall fiscal deficit estimated at 815 billion and 450 million YR, accordings to the news agency.

Yemen has been racked by an armed conflict that broke out after the Iranian-backed Houthis had ousted the internationally recognized government late in 2014.

The conflict escalated after a Saudi-led coalition intervened militarily in the country in March 2015 to reinstate the government of President Hadi, pushing the country to the world's worst humanitarian crisis, according to the UN, with more than two thirds of the 28-million population in need for a type of humanitarian aid and immediate protection.

"Saba" said: "The parliament recommended the government to act on several recommendations, authorized the House-subcommittees to follow up the implementation of the recommendations."

In September 2016, Yemeni President Abdrabbu Hadi issued a controversial decree, moving the Central Bank of Yemen headquarters from the national Houthi-held capital of Sana'a to his temporary capital of Aden and appointing new governor in place of Mohammed Bin Hammam.

The decision left some million civil servants unpaid for more than two years, most residing in the heavily populated north, aggravating the livelihood and human sufferings.

The decree led to deteriorating economic situation and further mess in a country already the poorest in Arab World, with two rival central banks in Sana'a and Aden.

Economy is one of the challenges faced by the Yemeni official government that has recently returned to Aden to function inside the war-torn country.

Yemeni rial had lost more than three fourths of its value against US dollar since 2015, leading prices to spike with many Yemenis cannot afford basic commodities, foods in particular.

The CBY has been facing difficulties in paying civil servants, on which many Yemenis depend.

Directly linked to most Yemenis' livelihood, unifying the functions of CBY is one of the issues of most concern to Yemeni public opinion, particularly with the hike of food prices coupled with deterioration in national currency.

 


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