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FINANCIAL NEWS
Yemen’s fiscal deficit to go up 21%, y/y
25 Dec 2012
(MENAFN) Yemen’s cabinet will face tough decision next week, as they are supposed to approve a fiscal budget that reflects a 21 percent year-on-year increase, reported Arabian Business.
The government has provided a budget that sets forecasted revenues at of USD44.4 million, while expenditures stand at USD9.6 million.
It is worth mentioning that Yemen is still suffering from the aftermath of the political turmoil that ended in the stepping down of President Ali Abdullah Saleh. Although Yemen has received millions of international aid packages, the country is still struggling financially.
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