YEMENI GOVERNMENT APPROVES 3RD ECONOMIC PLAN

SANA'A, Dec. 08 (Saba)- The cabinet approved in its weekly meeting held on Tuesday a report on main indicators of the social and economic plan to reduce poverty.

The report, which is presented by Ministry of Planning and International Cooperation, evaluated improvement of development indicators and poverty alleviation via following up main indicators since 2000 until late 2008 and comparing them to other plans.

The report discussed the due significant results of the plan in fields of collective economy, general finance and productive sectors. In this regard, the report registered increase of gross domestic product in 2008 reached 4,6 percent with total cost of YR 2,3 trillion. It indicates that the individual's portion of the GDP has exceeded $ 1000.

The report registered reduction in public expending for the same year reached 14,2 percent comparing to estimated percent of 24,8 due to increase of current expending resulted in curing conditions of pensioners, completing the second phase of the national strategy of wages and salaries and the increase of expending on oil derivatives and increase of social care by 100 percent.

The report indicated a growth infrastructure sector has witnessed during 2008, namely in fields of roads, water and sanitation, besides improvements in health and education fields.

MA