Ethiopia approved over 386 billion birr budget for next fiscal year

Ethiopia _ budget
Ethiopian Parliament. Source : ENA

borkena
July 8, 2019

The House of People’s Representatives of Ethiopia approved over 386.954 billion birr (which is about $USD 12.4 billion) budget for the upcoming 2012 Ethiopian fiscal year (2019/2020), Ethiopian News Agency reported on Monday.

There was no dissenting voice as the budget was approved unanimously.

It was in an urgent session that the parliament approved the budget which was submitted by the Council of Ministers.

This year’s budget is higher by 40 billion (or about 12 percent) compared to the budget for the ending fiscal year.

In terms of breakdown, 109.468 billion birr is operating budget (or regular budget as it is called in Ethiopia), 130,710 billion birr is for capital projects, and 140.775 billion birr is subsidies to the nine regional states.

Sustainable Development Goals has got 6 billion from the budget.



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One Response to "Ethiopia approved over 386 billion birr budget for next fiscal year"

  1. Aboneh   July 9, 2019 at 3:59 am

    In the diaspora me and my family are making relentless efforts by making example of many Ethiopians that tried to live in the diaspora by letting them feel the unneccesity of migrating, by persuading them not to come or even after they come to be added ( MEDEMER) and go back to Ethiopia,we intentionally make life hard on the new arrivals or potential migrants right at first when they arrive or right when they are about to leave Ethiopia to diaspora we somehow let them feel what they are facing, that way they tell others the hardship of life in the diaspora and persuade others not to come to the diaspora.Those that made it to the diaspora land We get them to suffer as much as possible so they discourage others from migrating and they themselves go back to be added (MEDEMER).

    Whenever people show up to diaspora from Ethiopia for short term vacation , for trainings/education or other short term visits we diasporas should show them the bad side of life in the diaspora rather than buying them so many expensive gifts,we do them a favor by showing them hardships in the diaspora , so that way, they themselves and others they talk to in the future will be discouraged from migrating.

    Reply

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