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