FINANCIAL NEWS

Yemen rises spending by 4 percent in 2014

27 Dec 2013

(MENAFN) Yemen plans to raise spending by about 4 percent in 2014 in the draft budget compared to 2013 budget, reaching USD13.4 billion, according to Arab News.

Revenue is expected to reach USD586 billion in 2014, or 6 percent growth from the current budget plan.

The government plans a tougher plan to generate revenue from non-oil sector, taxes and customs duties.

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