Economist: Citizens have lost confidence in the government!
English - Thursday 18 March 2021 الساعة 09:46 am
Aden, NewsYemen, Exclusive:
Two and a half months after its presence in Aden, the parity government failed to stabilize the economy at end-2020 levels and prevent it from continuing its deterioration, so public services worsened, the riyal lost part of its value, and food prices continued to rise.
The delay in paying salaries, the severity of power outages, the increase in prices and the stabilization of two fuel prices, and the lack of preparation for the second wave of the Coronavirus, prompted the exit of citizens against the government, and an indication that the government is far from people's concerns and unable to solve the dilemmas.
The government responded to the people's demands, yesterday, Tuesday, by calling on the Kingdom of Saudi Arabia and the international community to support the government economically to meet the obligations, which sparked criticism from economists.
Economic expert Salah Al-Attab confirms to "NewsYemen" that citizens have lost confidence in the government, due to the continuing deterioration of the economy and services, and the rise in prices, to levels more than they were last year.
He pointed out that the government's reliance on helping others, without taking real steps to stabilize the economy and raise the ability of the Central Bank of Aden to manage the economy, is a real disaster, which heralds further economic decline and social unrest.
He explained that the government has not activated its available capabilities in its areas of control to enhance financial stability, by mobilizing resources, raising the capabilities of revenue interests, collecting revenues for a unified government account, and restoring the confidence of the banking and financial sector.
The government of parity between north and south led by Moein Abdul-Malik announced its general program a month and a half ago, consisting of 7 goals, and representing a year-long recovery plan, but it stood at the announcement without any evidence of its implementation on the ground.
The seven objectives of the government program were the security and military file according to the Riyadh Agreement, financial and monetary policies, economy and investment, infrastructure, energy and environment, public administration and good governance, human development, external relations, planning and media.
Economists criticize the government’s path during the past four years, during which it missed opportunities to restore the capabilities of the state’s monetary and financial institutions, maintain the continuation of basic public services, gain the confidence of donors, and depend on financing its expenditures from the proceeds of the Saudi deposit and printing currency, which it has exhausted and is no longer available.
