Home | News    Saturday 9 June 2012

Ethiopia proposes $8 billion national budget

separation
increase
decrease
separation
separation

June 8, 2012 (ADDIS ABABA) - Ethiopia’s Council of Ministers has proposed a record 137.8 billion Birr (nearly $ 8 billion) annual budget for the 2012/2013 fiscal year, focusing on combating poverty.

The proposed budget, according to the Ministry of Finance and Economic Development, will mainly be allotted for priority projects such as infrastructure development, education, health and power generation activities, which will be carried out during the fiscal year, which in Ethiopia begins in July beginning July.

The majority 2012/2013 budget will be raised from internal income, while the balance - projected to be around $ 1 billion - will be mobilised from external sources in the form of loans and grants.

Just over more than 26.8 billion Birr ($1.5 billion) of the stated budget serves as the country’s regular budget, while over 54.4 billion Birr ($3 billion) is allocated for capital budget.

Over 36.5 billion Birr ($2 billion) of the budget is allotted to subsidize regional states while 20 billion Birr ($1.1 billion) is earmarked to support activities aimed to meet the United Nations Millennium Development Goals (MDGs).

The proposed draft budget, was formulated by taking into account the country’s current, economic, social situation and other important factors and has been referred to parliament for final approval.

(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.
  • 9 June 2012 09:18, by Besrat

    I just want u to correct what you have wrote in brackets when you change z Ethiopian birr to dollar in to billions not millions. Like $1=around 17.6Birr.
    Thanks

    repondre message

  • 9 June 2012 17:40, by Wolleyewu

    A country in the verge of famine under tribal regime in histroy how come a government lacking public support project such a big proposal from empty purse. May it indicates their intension to sell out Ethiopian air lines, telecommunication, Medin insurance and other mecro economic sector and back bone of the country apart from the cheap deal of our fertile lands for Arabs, chines and Indians.

    repondre message

    • 11 June 2012 11:19, by Asmera

      Woleyewu,

      You made a mistake. Please first understand Ethiopian economy is a growing economy, which is not a stagnant economy.The negative perception you have in mind about the government does not represent the country. In principle we have to support the government projects, plans and strategies. Always keep in mind we have several enemies around us specially Arabs and spices of Arabs inside and

      repondre message

Comment on this article



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


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


South Sudan peace process should focus on separation of powers 2018-06-24 22:25:44 By Roger Alfred Yoron Modi This week, IGAD released a “Revised Bridging Proposal” on the High-Level Revitalization Forum HLRF of the Agreement on the Resolution of the Conflict in the Republic of (...)

Perspectives on Kiir and Machar meeting 2018-06-20 22:48:12 By Santino Ayual Bol IGAD which has been facilitating and mediating the slow-heel Agreement to Resolve the Conflict in the Republic of South Sudan shortly abbreviated as ARCISS has unilaterally (...)

SLM’s al-Nur’s response to Troika countries about violence in Darfur 2018-06-20 22:02:28 Response by the Sudan Liberation Movement to statement by the United States, United Kingdom & Kingdom Of Norway on cessation of violence in Darfur By Abdul Wahid al-Nur Dear President (...)


MORE






Latest Press Releases


The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)

Abyei celebrates Mine Awareness Day 2018-04-05 08:52:03 4 April 2018 | Abyei - The United Nations Interim Security Force for Abyei (UNISFA) and the United Nations Mine Action Service (UNMAS) commemorated the International Day for Mine Awareness and (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.