Yemen Spending May Jump 39 Percent in 2012 Budget Proposal

Yemen’s government plans to spend 2,111 billion rials ($9.8 billion) this year, according to draft budget plans reported by state-run news agency Saba.

The draft expenditure, which requires the approval of parliament in Sana’a, represents a 17 percent increase over the 2011 budget that was approved Dec. 5, 2010.

Yemen has been using last year’s budget for the first quarter of this year as unrest forced President Ali Abdullah Saleh from office last month and repeated clashes undermined business activity.

To contact the reporter on this story: Mohammed Hatem in Dubai at mhatem1@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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