The head of the local “Economic Studies and Media” Center, Mustafa Nasr, said that the Houthi attacks on oil facilities and the cessation of oil exports killed the Yemeni economy and the legitimate government, and paralyzed much of its movement with regard to revenues, “which led to the government resorting to spending... Expenditures through overdrafts, and this has led to very big problems in government revenues.”

He pointed out that Yemen’s economy is based mostly on government spending, “and therefore this has greatly affected government spending in several aspects, whether related to development, which is few, even what is related to salaries and others, and there is a major problem in this aspect, as the government resorted to The Yemeni government requested some aid or some special withdrawal units, whether provided by the International Monetary Fund or through the Saudi grant and other grants, but all of these, unfortunately, did not cover the size of the need that the government was obtaining from oil exports.

Nasr predicted that a major economic problem would occur in the country during the coming period, if there was no intervention to prevent it. He believes that some of the symptoms of this problem are one of the reasons for the current deterioration and decline in the price of the local currency, despite attempts to keep it at a certain level.