Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture The first of a hundred steps is now complete. We salute those who helped the NDC become the road map for the future Yemen. Strides of success were made, but the real test awaits us all. Will the government deliver and turn ink on paper into reality?  
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL LOCAL INTERVIEW REPORT POLITICS BUSINESS HEALTH YEMEN IN THE NEWS MIDDLE EAST INTERNATIONAL ARCHIVE
LATEST UPDATES Yemen’s first constitutional draft to be ready within four months :: Saudi border guard is gunned down near Yemeni border :: Foreign doctor is kidnapped in Yemen :: Al-Qaeda assassinate high ranking official in al-Baydha :: Security campaign kicks off in Hajjah :: Wanted Suspect Farook Abdulhak Illegally Issued 2nd Identity in Yemen :: Fresh protests hit the Yemeni capital :: MERS-related death prompt fears of outbreak in Yemen :: Yemen’s economic outlook remains grim :: Soldier dies in Hadhramawt ::
BREAKING NEWS
z
BUSINESS
Last updated: 11:48:52 PM GMT(+03) Sunday, 20, January, 2013
 
 

Yemen's 2013 Budget Is Approved By Parliament

 
*
 Yemen Post Staff

Despite previous reservations the Parliament approved on Saturday Yemen's 2013 budget, making state officials breath a sigh of relief.

The budget , which was passed by the Cabinet last month - December - stands now at $12.9 billion - YER2.77 trillion - and will focus on getting Yemen out of its current economic crisis by pouring funds into development programs and the stabilization of its institutions.


Parliamentarians initially rejected the Cabinet's proposal by arguing the transition government was driving Yemen into a financial abyss with a projected deficit of YER682 billion - $300 million - Politicians however dismissed the Parliament's concerns over Yemen's financial solvability saying the General People's Congress - which still holds the majority at Parliament - was only trying to punish the transitional government by roadblocking every single of its move, perverting the rule of law.


On Wednesday January 16th, 2013 President Abdo Rabbo Mansour Hadi called on an extraordinary meeting with Parliamentarians and Cabinet members urging all parties to put aside political divisions for the sake of the nation, calling on all to resolve Yemen's issues united.


Officials close to the matter told the Yemen Post President Hadi wanted to avoid a repeat of last year's debacle when Yemen 2012 budget's approval by Parliament was delayed well into April 2012.

 


YEMEN POST STAFF
*
Source: Yemen Post Newspaper
 
 
MORE BUSINESS
 
Yemen’s economic outlook remains grim
Officials prepare for Friends of Yemen meeting in London
Investing in Telecommunication Remains Difficult for Yemen Businessmen
Officials deny media reports regarding oil subsidies
The dangers of working in Yemen
Yemen Oil minister calls for UK to invest in Oil industry
Explosion in Mareb forces pipeline shut down
Yemen faces fresh economic woes
Yemen’s approves more spending for 2014
Shaher Abdulhak to invest more in Yemeni Telecommunication Sector
 
 
Comments
 
Leave a Comment
Comment will be published once it has been approved by our moderators.
Name:
Title:
Comment:

TERMS AND CONDITIONS
Yemen Post may edit comments for length and clarity but will not change the tone of the message. Comments will only be accepted if all fields (including name) are filled correctly and the message isn't abusive, defamatory or offensive. All comments sent may be forwarded for use in the Yemen Post newspaper.
Article Tools
Email this Article Email this article
Print Friendly Version Print
Email this Article Email the Editor
 
Most popular
 Security campaign kicks off in Hajjah
 Al-Qaeda assassinate high ranking official in al-Baydha
 Yemen’s first constitutional draft to be ready within four months
 Saudi border guard is gunned down near Yemeni border
 Foreign doctor is kidnapped in Yemen
 Wanted Suspect Farook Abdulhak Illegally Issued 2nd Identity in Yemen
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?

VOTE  OR SEE POLL RESULTS
 

   
   
   
© Yemen Post. All Rights Reserved 2007- 2014    

 Designed and developed by
  HyperLink