National economy incurred heavy losses due to Saudi-led aggression

SANAA, Jun. 08 (YPA) – An investigation revealed the total losses during the 7 years of the US-Saudi aggression and siege imposed on Yemen.

The Undersecretary of the Ministry of Public Finance for the Planning and Statistics Sector, Ahmed Hajar, stated that the aggression and siege on Yemen caused a decline in the gross domestic product by 46% compared to 2014.

He explained that the cumulative losses of the decline in the domestic product amounted to 160 billion dollars, and that there are international reports that confirmed the departure of about 120 billion dollars from the national capital.

The Central Bureau of Statistics stated that the agency’s data estimated the losses of physical assets at $100 billion.

It pointed out that the country’s losses increased with the exposure of the state’s public financial resources to open and permanent looting by mercenaries and the cessation of grants and aid.

The country’s losses increased with the exposure of the state’s public financial resources to open and permanent looting by mercenaries and the cessation of grants and aid.

The Undersecretary of the Ministry of Planning and Development, Adel Al-Hoshabi, said that the continuation of the siege imposed on Yemen constitutes a major obstacle to development and results new losses. He added that targeting different economic structures doubled the suffering of society at various levels, especially public services.

He stated that the indirect losses to the national economy are much more than the direct losses and the challenges facing the advancement are great.

E.M