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


Dinka Padang and the Shilluk boarders (2) 2016-05-27 23:04:39 By Francis Ayul Yuar South Sudan Constitutional legal provisions on Borders/Boundaries The Comprehensive Peace Agreement (CPA) was signed on January, 9th, 2005 between the Sudan government and (...)

New Ideas : developing leaders 2016-05-27 22:59:25 By Ambassdor Dhano Obongo Leadership is a noticeable exercise of practices and not something incomprehensible that cannot be understood by normal people. With feedback and usage, those with (...)

The international embrace of Khartoum’s genocidal regime 2016-05-27 09:12:27 By Eric Reeves May 26, 2016 - What will it take to halt the hideous spectacle of an international community that now seems prepared to give an increasingly warm embrace to the Khartoum regime, (...)


MORE






Latest Press Releases


South Sudan to release “true" report on army conduct in Bahr el Ghazal region 2016-05-27 08:02:07 May 26, 2016 (JUBA) - The government of South Sudanese and the high command of the Sudan People’s Liberation Army (SPLA), will in coming days release a "true" report of the activities of the army (...)

Sudanese students, activists are at risk of torture: HRW 2016-05-25 14:40:51 Human Rights Watch Sudan: Students, Activists at Risk of Torture Free Detainees; Investigate Abuses (Nairobi, May 25, 2016) – Sudanese national security officials have detained dozens of (...)

South Sudan: Civilians Killed, Tortured in Western Region 2016-05-24 22:01:01 Human Rights Watch For Immediate Release South Sudan: Civilians Killed, Tortured in Western Region Provide Justice for Army Abuses in Western Regions (Nairobi, May 24, 2016) – South Sudanese (...)


MORE

Copyright © 2003-2016 SudanTribune - All rights reserved.