Yemen's budget deficit exceeds $2.3bn

07 October 2010

Country had expected a deficit of $1.96bn

Noman al-Suhaib, Yemen’s finance minister has said the country’s 2009 budget deficit has exceeded the anticipated YR427bn ($1.96bn) by YR80bn, Yemen Observer has reported. A decrease in investment attraction as well as a continuation of oil derivatives subsidies played a big role in the increased deficit, the minister said. The report also focused on the effect of the financial crisis on Yemen.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications