Ministry Collects 163.3b Br in Tax Revenue

May 25 , 2019

The Ministry of Revenues collected 163.3 billion Br in revenues in the first 10 months of the current fiscal year, a 9.8pc increase compared to last year. The Ministry, which plans to collect 235 billion Br by the end of the year, has generated 144 billion Br in the first three quarters of this fiscal year. Out of the nation’s total budget, tax revenues are expected to cover 68pc of the budget. In the reported period, the Ministry took legal action against 124 businesses that were issuing fake receipts and 68 others are being investigated, according to Adanech Abebe, minister of Revenue. “These businesses have cost the nation six billion Birr,” she said. Currently, the nation’s tax-to-GDP ratio stands at around 11pc, but the government has plans to raise the ratio to 17.2 by the end of the second edition of the Growth & Transformation Plan.



A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...



A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...



Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...