SCB holds meeting over draft of mid term for state budget
The Source: www.sabanews.net - 11/07/2009
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SANA'A, July 11 (Saba)- Headed by Prime Minister Ali Mujawar, Supreme Committee for Budgets (SCB) discussed on Saturday a draft of general frame for the mid term of the state budget for years of 2010,2011 and 2012.
The finance minister presented the draft to the committee, saying that the draft was based on electoral program of President Ali Abdullah Saleh and the general program of the cabinet to enhance rate of the economic growth and reduce poverty and unemployment.He said that the frame depends on straightening financial, investment and banking reforms in addition to administrative reforms and wise governance.The minister also indicated to the local and international developments, which let to conduct the draft, especially due to instability in price of oil in the world markets and negative impacts of the financial crisis.The committee highly appreciated efforts exerted to prepare the draft which aims at developing policies of preparing the state budgetsThe prime minister affirmed importance of reviewing comments on reform agenda for coming year, pointing out to the importance of developing mechanism of improving non-oil resources
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