Gov't approves budget draft of over YR 2 tln

SANA'A, March 06 (Saba) - The government approved on Tuesday a draft of the State's general budget for the fiscal year 2012 of over YR 2.1 trillion.

In its weekly meeting chaired by Prime Minister Mohammed Salem Basindwa, the cabinet referred the draft to the parliament to finalize the required constitutional measures.

According to the draft, the approved general budget for 2012 estimated at YR 2,111,129,453,000, with a deficit expected to reach over YR 0.5 trillion (nearly YR 561,611,320,000).

Yemen's general budget for 2011 was amounting to over YR 1.5 trillion with a deficit estimated at YR 316.4 billion.