[19/January/2010]

SANA'A, Jan. 19 (Saba)- The Central Organization for Control and Audit (COCA) considered in
its recent report that the funds allocated for investment expenditures are not appropriate with the developmental requirements in Yemen, criticizing at the same time the resulted wrong ways of government budgets which affect investment projects, almotamar.net has reported.

In this regard, the report indicated that there are many governmental projects reaching 819 projects at a total of cost more than YR 38 billion which have not been completed until the end
of 2008.

It noted the expansion of tax evasion of commercial and industrial activities by the private sector companies and individuals which their numbers estimated at about 288,000 with an amount of YR60 billion.

==/AM

Saba