STC’s Supreme Economic Committee Holds its Periodic Meeting of March
SMA NEWS – ADEN THE CAPITAL
The Supreme Economic Committee (SEC) of the Southern Transitional Council (STC) held its periodic meeting on Wednesday evening, in the capital Aden, for the month of March, chaired by Dr. Jaafar Hussein Muniem, head of the Finance Committee of the SEC.
At the beginning of the meeting, the committee extended its warm congratulations to President Aidarous Al-Zubaidi and the leadership of the STC on the occasion of the blessed month of Ramadan, praying to Allah, the Almighty, to make it a month of goodness and blessings both for them and the great people of the South.
The SEC reaffirmed the need to stop the exchange rate of the customs dollar, which the judiciary issued a ruling to halt due to its negative impact on the price hike and the activity of the port of Aden.
The meeting, too, reviewed the monetary vision of the government’s spending plan for the first half of 2023, which clarified that Prime Minister’s Decision No. (52) of 2022 was issued on November 3 to form the Supreme Committee for the Government’s Public Budget instead of evaluating the government’s budget plan for the year 2023 or the government’s spending plan for the first half of 2023.
Similarly, the meeting indicated that the plan included budgets for all governorates under the control of the terrorist Houthi militia, with more than two-thirds of the spending plan without contribution from those governorates to supplying the public treasury with the required revenues and expenditures of less than one-third for the liberated governorates of the South, whose entire revenues are transferred to the Central Bank.
To the end of the meeting, they reviewed a range of topics and reports included in its agenda, the activities of the SEC between the last and current meeting, and took the appropriate measures.
