Yemeni government officially announces its first budget since the Houthi terrorist coup three years ago


DUBAI: The Yemeni government announced its budget for 2018 after a three-year hiatus following the Houthi terrorist coup and the takeover of the capital Sanaa in September 2014, Saudi state-run news agency SPA reported.

Prime Minister Ahmed Obaid bin Daghr told a news conference in the interim capital of Aden on Sunday that the new budget was worth 987.2 billion riyals, and expenses were estimated at 1.465 trillion riyals and a financial deficit of 33 percent.

“The budget, by all standards, remains an austerity budget governed by the conditions of the coup against legitimacy,” Bin Daghr said.

He added that the Yemeni House of Representatives, would hold a meeting next month to approve the budget.

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