Radar | May 29,2021
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.
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.
PUBLISHED ON
Jul 08,2019 [ VOL
20 , NO
1002]
Radar | May 29,2021
Fortune News | Jul 02,2022
Commentaries | Jun 05,2021
Radar | Jun 12,2021
Fortune News | Jun 01,2024
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transportin...
Jul 13 , 2024 . By MUNIR SHEMSU
The cracks in Ethiopia's higher education system were laid bare during a synthesis re...
Jul 13 , 2024 . By AKSAH ITALO
Construction authorities have unveiled a price adjustment implementation manual for s...
Nov 2 , 2024
Addis Abeba, fondly dubbed a 'New Flower,' is wilting under the weight of unchecked u...
Oct 26 , 2024
When flames devoured parts of Mercato, residents watched helplessly as decades of toi...
Oct 20 , 2024
Central Bank authorities have unveiled no less than six new guidelines to fine-tune t...
Oct 12 , 2024
In his inaugural address on October 27, 2024, Taye Atseqesellasie, the fifth presiden...