Life Matters | Mar 07,2020
Ethiopia’s policymakers, international financial institutions and the public agree that it is far better to mobilise one's resources than borrow money from international creditors and development partners. The government has tried to aggressively collect taxes from businesses and individuals over the decade. It even played the love-of-country card.
The results have been less than impressive. The tax-to-GDP ratio stayed well below the 15pc mark all throughout the decade. The government instead supplemented its coffers through loans, grants, services and fees and revenues from state-owned enterprises.
It was evident why this was the case. There was never much to tax to begin with. The private sector was too small. Businesses were never given enough chance to reinvest and grow themselves before the state started to make money from them, while the business environment was hostile to them. But with recent economic reforms by the administration of Prime Minister Abiy Ahmed (PhD), his administration seems to have at last gotten the memo that it is much more advantageous to take a small piece from a large pie than the other way around.
PUBLISHED ON
Jan 05,2020 [ VOL
20 , NO
1028]
Life Matters | Mar 07,2020
Films Review | Sep 14,2019
Films Review | Dec 05,2018
Radar | Jun 14,2020
News Analysis | Jan 05,2020
Viewpoints | Sep 10,2021
News Analysis | Jan 05,2020
Radar | Jul 30,2022
Radar | Apr 03,2021
Commentaries | Aug 29,2020
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 27 , 2024
The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Loading your updates...