Parliament passes budget

30 December 2003
Yemen's parliament approved the draft budget for 2004 on 29 December, three weeks after the cabinet passed the text. The bill was approved with 174 MPs votes in favor, 41 against and four abstentions, reported the official SABA news agency.

The 2004 budget envisions increasing government spending by some 11 per cent on 2003 levels. 'State expenses for 2004 have been evaluated at YR 744,600,000 million ($4,130 million), while public receipts should increase to YR 681,150,000 million ($3,780 million) for the same year,' Deputy Prime Minister and Finance Minister, Alaui Saleh al-Salami told cabinet on 8 December. 'The government puts the gross budget deficit in 2004 at YR 84,361,000 million ($468 million) and the net deficit at YR 63,450,000 million ($352.5 million - MEED 8:12:03).'

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