Finance Minister Announces 300b Br Subsidy Budget


Finance Minister Announces 300b Br Subsidy Budget

Ahmed Shide, the minister of Finance, has disclosed a supplementary budget totaling over 300 billion Br, a quarter before the end of the current fiscal year. The Minister announced this during a meeting with Parliament's Standing Committee on Planning, Budget, & Finance Affairs on April 9, 2025, to review the Ministry's eight-month performance. According to the Minister, the federal government is implementing a fiscal policy to stabilise inflation, make tax policy effective, and provide subsidies for essential inputs. The Minister stated that the subsidy is designed to make macroeconomic reform programs "practical and effective." The supplementary budget is to be used to manage budget deficits, provide debt relief, and ensure the effective management of public finances to support the success of the reform programs. The federal government budgeted 971.2 billion Br for the 2024/25 fiscal year, 25pc larger than its previous year's budget. The increase represented a historic milestone as the federal budget reached the one trillion Birr mark for the first time.

[ssba-buttons]

Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...