The Supreme Committee for Sovereign and Local Resources discusses the economic situation and measures to activate revenue-generating institutions.
Leadership Meeting Addresses Economic Challenges in Aden
On Monday, the Presidential Leadership Council member, Major General Aidarus al-Zubaidi, chaired a regular meeting of the Supreme Committee for Sovereign and Local Resources in Aden, the temporary capital of Yemen. The meeting focused on pressing economic and financial issues, as well as the government’s economic reform program.
Economic and Financial Overview
The committee discussed the current financial situation, reviewing a report from the Ministry of Finance. This report highlighted the state’s overall financial status, the existing budget deficit, and potential steps to address this shortfall. The meeting aimed to enhance resource mobilization and activate state revenue-generating institutions.
Key Challenges in Revenue Generation
One of the primary challenges identified was the activation of revenue-generating institutions, particularly the Aden Refinery. As a strategic economic pillar, the meeting explored funding mechanisms necessary for restarting the refinery. The goal is to secure crude oil supplies to refine 6,000 barrels daily, marking the first step toward full operational capacity. This initiative aims to reduce reliance on imports while creating new job opportunities.
Action Plan for Revenue Institutions
The committee also discussed an executive action plan for the second half of 2025. This plan includes urgent priorities to address imbalances in sovereign revenue institutions, particularly customs and tax authorities. The meeting emphasized the need to activate regulatory bodies, reorganize collection mechanisms, and expand the base of local and sovereign resources.
Fuel Crisis and Electricity Supply
The meeting addressed the ongoing fuel crisis threatening electricity generation in Aden and other liberated provinces. Major General al-Zubaidi directed the government and the Central Bank to ensure the necessary liquidity for fuel procurement. This includes importing an urgent shipment of diesel and requiring the Ministry of Oil to provide sufficient local oil supplies for electricity in Aden and Hadramout, ensuring service stability.
Call for Strategic Planning
Al-Zubaidi stressed the importance of intensifying efforts and coordinating among relevant authorities. He advocated for a shift from emergency measures to strategic planning based on realistic indicators and accurate data. He emphasized that the current phase demands bold decisions and effective initiatives to tackle escalating economic challenges.
Conclusion and Recommendations
The meeting concluded with several key recommendations. The committee tasked relevant authorities with developing a detailed executive plan for the proposed tasks. This plan should include practical measures, timelines, and performance indicators to ensure implementation aligns with established priorities. The aim is to achieve financial sustainability and enhance the state’s ability to meet its obligations to citizens.
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