Photo Gallery | 96721 Views | May 06,2019
Jul 8 , 2019
Prime Minister Abiy Ahmed (PhD) addressed parliament today on budget day.
Ethiopia's federal parliament has voted unanimously for the passage of a budget bill comprising 386.9 billion Br. The budget for fiscal year 2019/2020 aims to direct resources from external sources and grants to the private sector, hoping to generate 9.2pc growth in GDP, according to the Chairperson of the Budget Standing Committee.
The administration hopes to enhance domestic resource mobilization, ensuring sustainable growth, poverty reduction, and economic transformation.
|
The budget for fiscal year 2019/2020 aims to direct resources from external sources and grants to the private sector, hoping to generate 9.2pc growth in GDP, according to the Chairperson of the Budget Standing Committee. |
Prime Minister Abiy Ahmed (PhD) addressed parliament today on budget day. Two-thirds of the budget is planned to be financed by domestic revenues. The Prime Minister complimented the Minister for Customs & Revenues, Adanech Abebie, for mobilizing 12pc more revenue than planned for the fiscal year that just ended.
The Prime Minister briefed MPs on his administration's economic reform priorities. He listed macroeconomic reform to enhance forex reserves; structural changes to help the private sector create wealth by improving the ease of doing business; and sectoral reforms that prioritize agriculture, mining, manufacturing and tourism.
Photo Gallery | 96721 Views | May 06,2019
Photo Gallery | 88900 Views | Apr 26,2019
My Opinion | 67161 Views | Aug 14,2021
Commentaries | 65757 Views | Oct 02,2021
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...
Loading your updates...