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Yemen plans to cut public sector spending

Yemeni president, Abd-Rabbu Mansour Hadi has announced plans to clampdown on public sector spending, including a feasibility review of state-owned companies and a ban on all but economy class travel for ministers in the country, Reuters has reported. The country has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages. “Joint private and public ventures and other economic entities owned by the state will be reviewed for economic feasibility,” the government said, describing President Hadi’s package as urgent.