It followed a directive issued by King Salman to deposit $2 billion with the Central Bank of Yemen.
Ahmed Obaid bin Daghr said in his announcement of the government’s budget for the fiscal year 2018, that the Kingdom’s deposit saved the Yemeni economy from a complete collapse and restored the balance of the currency, Saudi state-run news agency SPA reported.
He added that the budget approved the salaries for military employees and civil servants of 12 provinces for the whole year.
The Yemeni government announced its budget for 2018 after a three-year hiatus following the Houthi terrorist coup and the takeover of the capital Sanaa in September 2014.
Ahmed Obaid bin Daghr told a news conference in the interim capital of Aden on Sunday that the new budget was worth 987.2 billion riyals, and expenses were estimated at 1.465 trillion riyals and a financial deficit of 33 percent.
“The budget, by all standards, remains an austerity budget governed by the conditions of the coup against legitimacy,” Bin Daghr said.
He added that the Yemeni House of Representatives, would hold a meeting next month to approve the budget.