Yemeni cabinet submits budget

08 December 2003
The government on 8 December submitted to parliament a draft budget for 2004, which 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,' said Deputy Prime Minister and Finance Minister, Alaui Saleh al-Salami. '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),' he said.

According to the draft text, that largest percentages of spending in 2004 would be reserved for education at YR 160,912,000 million ($904 million), infrastructure development at YR 135,814,000 ($763 million), and about SR 115,700,000 million ($650 million) on defence.

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