Home | News    Sunday 12 June 2011

Ethiopia proposes record budget of nearly $7 billion for 2011/2012

separation
increase
decrease
separation
separation

By Tesfa-Alem Tekle

June 11, 2011 (ADDIS ABABA) - The Ethiopian Council of Ministers on Friday proposed a record of 117.8 billion birr ($6.98 billion) budget for the 2011/2012 fiscal year, mainly aimed at alleviating poverty.

The proposed budget which saw an increase of $1.28 billion from last year, will be presented by Prime Minister Meles Zenawi to parliament for final approval next month.

Some 48.8 billion birr of the total budget has been alloted for priority projects such as infrastructure development, education, health and sanitation activities and 23.3 billion for regular expenditures.

Some 31.4 billion birr of the remaining is allotted to support the nine regional states of the country during the fiscal year, between July 8, 2011 and June 23, 2012.

The horn of Africa country, has also allocated 15 billion birr to support and meet the United Nations Millennium Development Goals (MDGs). The plan was agreed by all 191 UN member states, giving eight development to be achieved by the year 2015, including halving extreme poverty and hunger.

Ethiopia, one of Africa’s fastest growing economies, has registered double-digit economic growth for the past few years. Despite souring inflation rates that hit 29.5 percent in April, the country expects the economy to grow by 11.4 percent this year.

According to the Ethiopian council of ministers, the budget was endorsed taking into account the country’s current political, economic situation, inflation and the launch of a 5-year development strategy.

US$ 3.6 billion of the total budget will be sourced from local resources while the balance will be mobilized from external sources in the form of loans and grants.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Ezekiel Lol reignites political begging as a Freedom of Expression 2019-06-14 22:49:39 Gatdiet Peter Here, the question is: to what extent does a politician become a “political beggar”? A politician becomes a beggar and (re)focuses on the “politics of begging” as soon as (s)he has (...)

Crisis in Sudan: Will Sudanese mediators unlock the impasse? 2019-06-08 11:47:09 by Luka Biong Deng Kuol* The Optimism for the New Dawn in Sudan Since the eruption of the Sudanese popular uprising on 19th December 2018, the protesters have made history not only in (...)

Why comrade Pagan is right? 2019-06-03 04:11:01 Luka Kuol, I followed the interview of comrade (cde) Pagan with Tereza about his decision to relinquish his leadership of the SPLM Former Detainees and his utter lack of trust of the unification (...)


MORE






Latest Press Releases


Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.