RESTRUCTURING PUBLIC FINANCES IN YEMEN
For decades, Yemen has suffered from a fragile fiscal structure, given its overdependence on energy exports. Before the armed Houthi movement backed by former President Ali Abdullah Saleh took over the capital, Sana’a, in September 2014, the oil sector accounted for 25 percent of gross domestic product and 65 percent of the public budget.(1) While over the years the government has attempted to diversify the economy by adopting reform programs aimed at supporting non-oil secto
