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What are the disasters resulting from the government continuing its work without approving the state’s general budget?

Reports | 31 July, 2024 - 6:11 AM

Wahid Al-Foudayi*: Yemen Shabab.net (Exclusive)

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Yemeni Council of Ministers - Yemeni News Agency (Saba)

Without a clear budget, the government may resort to unregulated borrowing, which increases the country's debt burden. Financial uncertainty negatively affects local markets and increases economic instability.

The conclusion: The Yemeni government’s delay in preparing and approving the budget reflects fundamental problems in administration and governance, and leads to serious repercussions on the economic, political and social stability in the country.

This is something that should not be taken lightly or continued to be overlooked too much. This dysfunctional situation requires urgent action from the government to reorganize its financial affairs and approve the budget, to ensure the stability of the country and improve the conditions of citizens.

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