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.

Previous Stories:
  Yemeni delegation holds negotiations in Eritrea on gas, petroleum derivatives   (2/8/1999)
  Jordanian delegation discusses enhancing commercial ties with Yemen   (2/6/1999)
  A billion dollar is Yemen's reservoir of foreign currencies   (1/30/1999)

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