Yemen’s Deficit Exceeds YR14 billion
For the fiscal year 2001, a yemeni presidential law has estimated state general balance-sheet as YR 487,843,228,000, (1YR = $0.00645494) estimating expenditures as YR501,882,444,000, Yemen Times reported.
According to the paper, the third article of the law has included an estimated state balance-sheet deficiency of YR14,039,221,000, noting that President Ali Abdullah Saleh has also issued a law annexing balance-sheet for Ministry of Endowments and Guidance, sector of Endowments.
This law has five articles including the revenues and expenditures balance-sheet of the Ministry of Endowments sector for the fiscal year 2001 with an amount totaling YR800,000,000. Other articles include the general rules for implementing this sheet.
President Saleh has issued, too, another law annexing balance-sheet for Social Securities General Cooperation for the fiscal year 2001. Its first article include revenues and expenditures of the SSGC's balance sheet for the fiscal year 2001 as YR5,847,627,000 – Albawaba.com
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