The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration’s statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the residents. The proposed budget comprises 249.9 billion Br allocated for capital expenditure and 100.1 billion Br for recurrent expenditure. The Administration noted that the budget was prepared with a strong emphasis on fiscal prudence, prioritising savings and cautious spending. If ratified, the new budget will finance a wide range of initiatives targeted at narrowing the inequality gap and responding to urgent social and infrastructural needs within the city. Authorities have signalled that a significant share will be directed towards urban development programmes, public transport modernisations, and service improvements in health, education, and housing. The draft is now pending review and approval by the City Council.
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