Yemen liberates wheat prices
Yemen, Economics, 2/11/1999
The Yemeni government began at the beginning of the current week to implement a plan liberating the government-controlled price of wheat and to continue subsidizing the purchase of wheat.
This is aimed at creating new resources for revenues to deal with the deterioration of petroleum prices that have effected the government's budget.
Moreover, official sources confirmed that the deterioration of the wheat's prices universally gave incentive for the government to apply the economic reform plan decisively instead of applying it in stages as was originally planned.
The financial statement said the government's policy intends to make the subsidy directly to the due categories by means of increasing wages or donations or expanding free services and activating the role of social funds to ease the effects of the economic reform plan.
Yemeni delegation holds negotiations in Eritrea on gas, petroleum derivatives
Jordanian delegation discusses enhancing commercial ties with Yemen
A billion dollar is Yemen's reservoir of foreign currencies
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
| Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info