Middle-east Arab News Opinion | Asharq Al-awsat

Houthi Insurgents Admit to Looting USD14 Billion in 2016 | ASHARQ AL-AWSAT English Archive 2005 -2017
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Workers count Yemeni currency at the Central Bank of Yemen in Sanaa August 24, 2016. REUTERS/Khaled Abdullah

Jeddah- Houthi leaders in Sana’a admitted to losing no less than YER41.4 billion monthly of the fixed revenues, indicating their involvement in looting YER497 billion (USD14.6 billion) during 2016.

Annual revenues in the Houthi-ruled regions reach YER48.4 billion (USD1.6 billion) per month while the insurgency only admits to YER7 billion per month and this means that there is an amount of YER41.1 billion that is unregistered and is being disbursed in an illegal and unofficial way.

The insurgent government in Sana’a has revealed for the first time the amount of revenues it earns and that the legitimacy government is demanding that it be exported to the Central Bank of Yemen to disburse salaries of state personnel.

The meeting of the “Supreme Economic Council” chaired by the coup government prime minister Abdelaziz Saleh bin Habtoor showed that the total earned in regions ruled by the insurgents did not exceed YER7 billion (USD540 million) until this moment.

The meeting affirmed that this total represents 1% of the actual dues to the personnel in western and northern provinces – above YER400 billion. Furthermore, regions falling under Houthi control represent more than 80% of the total population.

Also, the meeting reiterated demands that the international community – namely the UN and international financial institutions – perform their humanitarian and moral duties and exert pressure on Hadi’s government to fulfill their obligations towards the administrative staff and terminate selective practices in disbursing salaries.

Dr. Najib Ghallab told Asharq Al-Awsat that the insurgency government allegations are incorrect and indicate that the government doesn’t rule and has no information.