July 19, 2019
Ethiopia’s Ministry of Revenue said that it has collected 198.1 billion Ethiopian birr in the just ended Ethiopian fiscal year.
This year,the ministry has collected 22 billion birr higher compared to the previous year which is 12 percent higher.
However, the amount collected this year is lower than the targeted amount. The ministry planned to collect 213 billion birr.
Revenue collection system has improved but the minister of revenue Adanech Abebe believes that the revenue that Ethiopia is generating is not adequate compared to the income and/or wealth that Ethiopia is generating.
The amount intended to collect next year is 248.3 billion birr.
The ministry also announced that it seized 1.4 billion birr worth of smuggled goods and more than one thousand smugglers are in custody.
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