The Yemeni government unveiled the country's public budget for 2019, showing a deficit of 30%, the second in the years of war since 2014 between the legitimate government backed by an Arab coalition led by Saudi Arabia on the one hand and the Huthi rebels on the other.
The new budget estimates revenues of about two trillion and 159 billion and 271 million Riyals, while the national expenditure estimates amounted to about 3 trillion and 111 billion and 153 million Riyals and with a financial deficit of about 30 percent. The he Yemeni government seeks to finance this deficit from the non-inflationary sources through the use of domestic debt instruments, activating the external funds, and setting up the spending mechanisms to match the flow of revenues.
The draft budget expects oil and gas export revenues to account for 32% of total the public revenues in 2019. The budget adopted the price of a barrel of crude oil exported at $50. Noting that the estimates of government revenues include unregulated areas under the Huthis, of about 692 billion riyals.
Source: (Al-Arabi Al-Jadeed newspaper, Edited)
