Ethiopia is spending 11 percent of its budget for the 2021/22 fiscal year to road infrastructure and maintenance work.
It was President Sahlework Zewde who spoke about it in a speech at the United Nations Second United Nations Global Sustainable Transport Conference virtual meeting, which will be concluded on Saturday, according to a report by ENA. Chinese president was among other heads of state attending the meeting.
She highlighted that transportation infrastructure is key for the pillar of Ethiopia’s economy, agriculture.
Also, she underscored the importance of developing light rail transportation system in small and big urban centers in the effort to facilitate sustainable development – perhaps something that explains that the sector is consuming about 11 percent of Ethiopia’s budget for the current fiscal year.
Ethiopia’s total budget for the current fiscal is said to be the highest, without adjustment to inflation, apparently. 561.7 billion Ethiopian birr which is about $12.9 billion is approved by the parliament for the 2021/22 fiscal year.
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