The Supreme Resources Committee Scrutinizes Implementation of Decisions From Prior Meetings

The Supreme Committee for Sovereign and Local Revenues held its regular meeting today, Tuesday, chaired by President Aidarous Qassem Al-Zubaidi, President of the Southern Transitional Council (STC), Vice Chairman of the Presidential Leadership Council (PLC), and Chairman of the Supreme Committee.

The meeting was dedicated to following up on the implementation level of the outcomes and directives from the committee's previous meetings and discussing several reports submitted by relevant ministries and institutions concerning the track of improving financial performance, boosting revenues, and regulating sovereign and local resources.

The meeting began by listening to a report by the Minister of Oil and Minerals, Dr. Saeed Al-Shamasi, on the level of coordination with the Central Bank and the Ministry of Finance to provide the required funding for reoperating the Aden Refinery Company, in accordance with the outcomes of previous meetings and the meeting held at the company's headquarters earlier this week, chaired by President Aidarous Qassem Al-Zubaidi.

The meeting also discussed a report submitted by the Minister of Electricity, Eng. Manea Bin Yameen Al-Nahdi, outlining progress on renewing the contract for supplying fuel to power stations in the capital, Aden, and the measures taken to procure a shipment of imported oil derivatives for electricity, in implementation of the committee's decisions from its previous meetings.

In this regard, President Al-Zubaidi stressed the necessity of redoubling efforts to secure fuel for operating power stations to limit recurring blackouts, pointing to the importance of collaborating between relevant ministries to ensure the stability of power supplies and alleviate the suffering of citizens amidst the hot summer weather in the capital, Aden, and other coastal governorates.

In a separate context, the committee reviewed what the Central Bank and the Ministry of Finance had achieved regarding inventorying and characterizing the statement accounts of government bodies in commercial banks and exchange companies, preliminary to closing them, in implementation of the committee's decisions aimed at tightening financial oversight and preventing any duplication or tampering with public revenues.

Furthermore, the committee discussed a series of executive measures to address existing imbalances in the tax and customs sectors, which aim to improve institutional performance, expand the tax collection base, and increase the volume of sovereign revenues, thereby contributing to bolstering the state treasury and meeting essential needs.

The meeting also touched on the list of financial expenditures by government bodies, economic, and service units that have not complied with paying their due tax fees, and the measures implemented by the Central Bank and the Ministry of Finance to handle those entities according to the effective laws, ensuring they are compelled to fulfill their financial obligations to the government.

At the end of the meeting, President Al-Zubaidi emphasized the importance of redoubling efforts by all relevant government institutions and the necessity for revenue institution officials to assume responsibility and strict adherence to transparency and financial and administrative discipline, reaffirming that organizing and bolstering resources represent the fundamental pillar for achieving financial stability, enabling the government to fulfill its obligations towards citizens.