City Approves Supplementary Budget for Capital Projects

Apr 30 , 2024

Mayor Adanech Abiebe updated the City Council on the corridor development project during a meeting. While progress has been made, there are outstanding issues for some residents. An estimated 20pc of the 5,135 households impacted by construction have not yet received compensation or replacement housing. The Council approved a supplementary budget of 21 billion Br for the current fiscal year, which ends in two months. Over 90pc of these funds are earmarked for finalising capital projects, with a primary focus on road construction. This decision follows a significant budget increase last year. The City's budget rose by 40pc to reach 140.29 billion Br. According to Abdulkadir Redwan, head of the Finance Bureau, the additional funds are necessary to complete road projects, implement greening and environmental protection initiatives, compensate residents affected by construction, and procure materials for healthcare institutions.


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