2009 investment program not to be affected by 50 % budget reduction

SANA'A, Dec. 25 (Saba) - Development programs and investment
projects for 2009 will not be affected by the government decision of
reducing 50 percent of budget allocations.

The Undersecretary of Planning and International Cooperation
Ministry Abdullah al- Shater told 26Sept.net that the reductions
were limited to the current expenditures such as travel and
transport allowances and other non-priority development allocations.

Al-Shater also affirmed that the investment projects' allocations
amounted to YR 572 billion, including a governmental financing of
YR259 billion, YR264 billion of foreign financing, YR45 billion of
self-financing and about 3 billion of domestic loans.

The infrastructure sectors took the highest rate of the allocations
which reached YR 221 billion, while the human development sectors
got YR121 billion and about YR231 billion for the productive, social
and governmental services sectors, he declared.

Meanwhile, he said the government made sure that the social
development and poverty alleviation programs would not been affected
by the budget allocations reducing, affirming that a number of
investment projects are to be implemented in 2009 funded by the
financial commitments of London Donor Conference.