Capital Approves 100b Br Budget

Jul 2 , 2022

The Addis Abeba City Council has approved a 100 billion Br budget for the coming fiscal year. It is a 41pc jump from last year and equivalent to 13pc of the proposed federal budget tabled to Parliament a few weeks ago. Nearly 55 billion Br has been earmarked for capital expenditures, while the Council has allocated 41 billion Br for recurrent expenditures. It contrasts with the 786.6 billion Br federal budget bill, which appropriated 44pc to recurrent spending. The budget approval comes as the City Administration under Mayor Adanech Abiebie undergoes an extensive reshuffling based on a regulation city councillors approved late last year, a month after the formation of the cabinet. The second administrative restructuring attempted in the capital over the past three years has thus far seen the number of bureaus and offices drop to 45 from 71.



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