Almotamar.net, Saba - SANA'A, (Saba)- In its meeting held on Tuesday, the cabinet approved draft of the public budget for the fiscal year 2008 and referred it to Parliament to take required constitutional procedures.

The budget is estimated at YR1.5 trillion from different resources while public expenditure for the same year is estimated at YR1.8 trillion and that the budget shortage is 6.1% of total local product.

The cabinet also estimated income and expenditure of independent institutions and special funds at YR260.8 billion.

It authorized prime minister and minister of finance to prepare a financial statement of projects of public budgets for the fiscal year 2008 as well as minister of legal affairs and state minister for shura and parliament affairs to follow up constitutional measures for issuing these projects.


Saba