Economic Commission: Fuel shipment revenues in Yemeni ports exceed 29 billion riyals in 3 months
Yemen's economic commission revealed today that fuel shipment revenues collected in Yemeni ports have exceeded 29 billion Yemeni Riyals (YR) in 3 months.This figure includes the Houthi-controlled port of Hodeidah.
In a statement posted on their Facebook page, the Economic Commission announced the results of the implementation of governmental resolution 49 for 2019, which indicate that from August 13 to November 14, total revenues exceeded 29 billion YR. Resolution 49 has been passed in an effort to use petroleum and petroleum derivatives tariffs to pay governmental salaries.
According to the committee, the majority of this revenue comes from the port of Hodeidah, which contributes 44%, followed by the port of Aden with 35%, Mukalla with 16%, and finally the port of Nashtoon in Al-Mahra governorate, which accounted for 5% of total revenues.
The committee added that these revenues will contribute to financing the state budget deficit, and that their ability to make this decision is a clear indicator of the government's sovereignty with regards to fiscal policy.
The committee said that in coordination with the UN Special Envoy and with the support of the peace-sponsoring countries, the government's initiative to implement the resolution at Hodeidah port alone has generated 12.8 billion YR in revenue. According to the commission, this will allow for a serious commitment to the payment of salaries to civilian state employees who’ve been deprived of official income for five years.
The Committee confirmed that no tariff exemptions for any kind were offered, except for humanitarian assistance shipments. It also confirmed that no vessels have been granted access to Yemeni ports without going through the formal process governed by the Technical Office of the Commission.
In late June, the Yemeni government issued a decree requiring oil derivatives suppliers to pay taxes and customs duties on fuel shipments at the Central Bank in Aden, before they were allowed to enter Yemeni ports, including the Houthi-controlled port of Hodeidah.