Annual financial assessment forum concluded in Sana’a
SANA’A, May 29 (Saba) – The Annual financial assessment forum has been concluded in the capital Sana’a.
The forum, which was organized by the Ministry of Finance during the period May 25 – 26 , aimed to achieve a sustainable public finance and address the current challenges and circumstances imposed by the Saudi aggression and the siege on the country.
In his speech at the forum opening on Wednesday, President of the Supreme Revolutionary Committee Mohammed Ali al-Houthi underlined the importance of the basic oversight side in the finance work .
Al-Houthi stressed the importance of monitoring and eradicating corruption and its negative effects on all capacities, projects, plans programs and ambitions of the Yemeni people.
For his part, Acting Finance Minister Mohammed Nasser al-Janad pointed to the importance of the forum, reviewing the humanitarian and economic situation experienced by the country, as well as the challenges facing the public finance of the state.
Al-Janad noted that the Finance Ministry is counting a lot on the forum outputs in support of fiscal policy making through the achievement of its objectives represented in briefing the participants on the deterioration and the difficult situation reached by the government’s finances as a result of the negative effects of the aggression and the blockade, which threaten the public finance sustainability.
He expressed his aspiration that the forum would achieve the desired goals and that its outputs would contribute to the promotion of public policies that help stabilize the financial and economic situation and improve the living conditions of citizens and put the national economy and the public treasury resources of the state away from the circle of conflict and war.
The Forum discussed over two days a number of worksheets and interventions dealt with the aggression’s consequences on the economic and financial aspects and issues of improving the public revenues and strengthening the supervisory role and the institutional development to improve financial performance.
At the conclusion of its activities, the forum affirmed the need to enhance the status of foreign exchange reserves and rationalize the consumption.
The forum recommended the activation of communication with international organizations to lift the siege, stop the aggression, resume the export of oil and gas and other national products, end the suspension of aid and grants and release the national economy returns from foreign exchange.
The forum’s recommendations called for strengthening the partnership between the government and units of the public, mixed and private sectors, improving the public revenues and putting a time-bound executive program for the recommendations.