Yemen Forms State Budget Committee After Years of Delay
The decision, issued by Prime Minister salem bin braik , comes after repeated postponements and interim spending plans that failed to meet international standards of transparency and accountability.
The newly formed committee includes representatives from the Ministry of Finance, the Central Bank of Yemen, and the Supreme National Authority for Combating Corruption, along with economic advisors and parliamentary observers.
Government spokespersons stated that the committee's mandate includes:
- Drafting a comprehensive budget framework aligned with national priorities
- Assessing revenue sources and expenditure needs across ministries
- Coordinating with international donors and financial institutions
- Ensuring compliance with principles of transparency and good governance
The move follows mounting pressure from civil society and international partners, including the World Bank and IMF, who have urged Yemen to reestablish formal budgetary processes to unlock further aid and investment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yemen Online
8 hours ago
- Yemen Online
Hayel Saeed Anam Group Announces Discounted Price Lists Amid Currency Recovery
Aden — Hayel Saeed Anam Group, one of Yemen's largest and most influential conglomerates, has officially adopted reduced price lists for several of its key products. This strategic adjustment coincides with a notable strengthening of the national currency, following months of economic volatility. Company officials stated that the price reductions affect a wide range of essential goods, including foodstuffs, household items, and personal care products, aiming to pass on the benefits of improved currency value directly to consumers. The revised pricing was implemented across the group's distribution network, including major retail outlets and affiliated partners. A spokesperson for the group affirmed: 'We recognize the importance of responding quickly to positive economic indicators. Our updated pricing reflects our commitment to supporting the Yemeni people and maintaining fair market practices.' The recent improvement in the exchange rate has been attributed to increased foreign reserves and coordinated efforts by the Central Bank to stabilize the economy. Analysts see the group's move as a proactive step in reinforcing consumer confidence and enhancing purchasing power in a recovering market.
Yemenat
21 hours ago
- Yemenat
From School to Camp
The 'Proletariat' school where I completed my secondary education, located on the Aden-Lahj road where I spent three years, has now become a camp for the Fifth Brigade, a newly established unit. This transformation carries a profound meaning for me. When a school turns into a camp or a prison, it signifies a serious failure in policies and the awareness of those in charge. Here, the camp appears to be more important than the school, a fact evident in the differences in attention, food provisions, maintenance, renovations, and material support. This reflects a clear aspect of the political consciousness regarding the status of the camp in comparison to the school, which also includes a student dormitory. The school we attended was far from ideal; it underwent no repairs or maintenance throughout our three years there. The contrast between the wretched state of the school and the well-equipped camp, which underwent complete renovations, was stark and striking. The camp became a place of pride, with newly established infrastructure that included all necessary means for military training in parachuting and assault, such as engineering obstacles, training grounds, and field training requirements. Competent officers of high ranks, tasked with training, were all affiliated with the Popular Front for the Liberation of Palestine. It's worth noting that before this place became a camp, it was a school with several teachers, some of whom were also affiliated with the Popular Front. I remember the philosophy, Arabic, and biology teachers, along with a Lebanese teacher of Palestinian descent who taught various aspects of the Arabic language. The Popular Front for the Liberation of Palestine was the common thread between the school of the past and the camp where we train today. Their competence, ethics, and professionalism distinguished them all. This training course introduced me to new and significant knowledge that I had long wished for. The instructors were skilled and professional, carrying a unique awareness and maturity that earned our respect and admiration. We put in considerable effort to gain their approval through hard work, learning, and discipline. I grew fond of these trainers, and through them, I developed an affinity for the Popular Front for the Liberation of Palestine and its leader, 'George Habash,' whom they referred to as 'the Wise.' My gratitude towards this front, which was present in our school and equally so in this unprecedented military course, is immense. I cherished the trainer Abu Ali, from whom I learned military knowledge previously unknown to the Yemeni army. His lessons were new, unique, and filled with wonder and astonishment. I found myself asking more questions than I could count, while he provided detailed answers, enriching our military knowledge day by day. He regarded me as his star pupil, or at least that was my impression. I also admired trainer Abu Firas, who conducted intense field training involving combat, running, overcoming fires, and navigating engineering obstacles. Simultaneously, I followed the policies of the Popular Front, growing to appreciate it more than other Palestinian factions, perhaps because it deserved such affection, or because of the people I met through it. However, I always held great admiration and respect for its wise leader, George Habash.
Yemen Online
a day ago
- Yemen Online
Iran-Linked Captagon Trade Shifts from Syria to Yemen
Sana'a — Yemeni authorities have seized over 1.5 million Captagon pills in a major drug bust, revealing what officials describe as a strategic shift in regional narcotics trafficking from Syria to Yemen. The shipment, hidden on the roof of a refrigerated truck traveling from Houthi-controlled Sana'a to Saudi Arabia, is believed to be part of a growing network of Iran-backed smuggling operations. The seizure comes amid intensified crackdowns on Captagon production in Syria, long considered the epicenter of the trade. With the weakening of the Assad regime and its allies, including Hezbollah, experts say Iran-aligned groups are now exploiting Yemen's instability to reroute drug flows toward Gulf markets. Brigadier General Abdullah Lahmadi, head of Yemen's drug control authority, stated that the bust highlights 'the scale of trafficking allegedly supported by the Houthis,' who are accused of using narcotics to fund their military operations. Information Minister Muammar al-Eryani warned that the shift 'deepens regional security threats' and reflects 'malicious tactics' by the militia. A 2024 UN Panel of Experts report previously noted the Houthis' involvement in trafficking drugs, arms, and telecom equipment to generate illicit revenue. Analysts now fear Yemen may become a new hub for Captagon production, replacing Syria as the primary corridor for smuggling into Saudi Arabia and the UAE.
