Budget Hearing Underway: Federal Offices Convene for Fiscal Deliberations

Budget Hearing Underway: Federal Offices Convene for Fiscal Deliberations

May 12 , 2024.

Leaders of federal offices began converging on King George IV St. near Sidist Kilo last week, marking the commencement of the budget hearing for the upcoming fiscal year. Ministry of Finance takes centre stage as a host, with Minister Ahmed Shide and State Minister Eyob Tekalign (PhD) presiding over the proceedings. Meanwhile, a flurry of activity ensues as over 170 officials from various departments vie for crucial funding to fulfil their respective objectives.

As the budget hearing unfolds, all eyes remain fixed on the outcome, which will determine the allocation of resources crucial for driving national progress and development. Ministers of Urban & Infrastructure, Peace, Health, and Innovation & Technology have assumed prominent roles in last week's hearings.

Ahmed disclosed the plan to take a conservative fiscal approach for the next fiscal year. He underscored that no new projects will be initiated, with urgent matters considered under stringent conditions, contingent upon the preparation of project study documents by the Ministry of Planning & Development.

PUBLISHED ON May 12,2024 [ VOL 25 , NO 1255]