Yemeni Government Adopts Austere Monetary Policy

Aden, The Yemeni government announced adoption of austerity-wise monetary policy and reduction of unjustified spending, in a meeting of the Council of Ministers, at the interim capital here today.

During the meeting, also, a draft framework for the general reference ceiling of the state budget for the Fiscal Year 2019, was set up.

Yemeni Premier Moin Abdulmalik stressed preparing the budget, in an appropriate manner, in line with focusing on the tax, customs and oil revenues' collection, to contribute to the state treasury and strengthen the national economy.

Source: Saudi Press Agency