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.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


South Sudan: Justice remains elusive, one year on 2014-12-17 04:17:40 By Elizabeth Deng December 16 2014 - A year after the outbreak of violence in Juba last December, hopes of accountability for abuses linked to the conflict remain distant. Despite repeated calls (...)

President Salva Kiir has betrayed his people and the nation 2014-12-17 04:15:00 By James Gatdet Dak December 15, 2014 - After many painful decades of destructive war of liberation against successive oppressive regimes in Khartoum, people of South Sudan gained their hard won (...)

Sudan protects terrorists 2014-12-15 04:29:57 By Kimberly Hollingsworth* December 15, 2014 - Sudan used to be the heart of Africa; now, Sudan is the heart of international terrorist organizations. Sudan is the hub for training extremists. (...)


MORE








Latest Press Releases


Norway grants US $1.9 million for humanitarian needs in Darfur 2014-12-16 06:47:08 The United Nations World Food Programme (WFP) - KHARTOUM Norway helps provide nutritious food to malnourished families in Sudan 14 December 2014 KHARTOUM – The United Nations World Food Programme (...)

Darfur Association "disheartened" by ICC decision to not meet them 2014-12-14 05:50:13 12 December 2014 RE: DPANY Requests/Direction of the OTP in the Situation of Darfur Dear Prosecutor Fatou Bensouda, We, the Darfur People's Association of New York, are disheartened by your (...)

REDRESS calls for the immediate release of Sudan’s distinguished human rights lawyer 2014-12-10 09:02:53 December 9, 2014 ­­ — REDRESS, and many other individuals and organisations around the world, are extremely concerned by the continuing secret detention of Dr. Amin Mekki Medani. On Saturday, 4 (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.