Economy

Saudi Arabia provides over 224 million riyals in support for Yemen’s public budget.

Story Highlights
  • Saudi Arabia announced over 224 million Riyals in budget support for Yemen.
  • The funding aims to cover operational expenses and salaries for the Yemeni government.
  • This support will help reduce Yemen's budget deficit and enhance purchasing power.
  • The initiative is part of Saudi Arabia's ongoing support for the Yemeni people.

Saudi Arabia Provides Over 224 Million Riyals in Budget Support to Yemen

Saudi Arabia, through the Saudi Program for the Development and Reconstruction of Yemen, announced a new round of budget support for the Republic of Yemen, amounting to more than 224 million Riyals.

The Saudi Program for the Development and Reconstruction of Yemen stated in a post on the platform X, “Under the guidance of the wise leadership and as part of Saudi Arabia’s support for the Yemeni people, the Kingdom has provided a new tranche of budget support for Yemen exceeding 224 million Riyals.”

The program added, “This support is designated to cover operational expenses and salaries, contributing to reducing the budget deficit, ensuring regular government financial flows, enhancing purchasing power, and stimulating commercial markets.”

The post originally appeared on Yemen TV.

To follow the news in Arabic

Via
Yemen TV

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