ID :
36787
Sun, 12/21/2008 - 07:39
Auther :
Shortlink :
http://m.oananews.org//node/36787
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Salaries exempt from 50 percent cuts in 2009 budget
SANA'A, Dec. 20 (Saba) - An official source at the Cabinet said on
Saturday the cabinet has approved 50 percent cuts in the 2009
general budget.
Under the decision No. 467 for 2008, which was approved at the
minister council last meeting, salaries are exempt from the cuts,
the source says.
The move comes due to the fall in oil prices which slumped down $ 36
for the barrel of crude oil lately, the source made clear, adding
the drop in oil prices will consequently lead to financial deficit
in the 2009 increasing from YR 427 billion to YR 532 billion as the
price of a barrel reaches $ 30.
Saturday the cabinet has approved 50 percent cuts in the 2009
general budget.
Under the decision No. 467 for 2008, which was approved at the
minister council last meeting, salaries are exempt from the cuts,
the source says.
The move comes due to the fall in oil prices which slumped down $ 36
for the barrel of crude oil lately, the source made clear, adding
the drop in oil prices will consequently lead to financial deficit
in the 2009 increasing from YR 427 billion to YR 532 billion as the
price of a barrel reaches $ 30.
