Home | News    Tuesday 8 July 2014

Ethiopian lawmakers approve $9 billion state budget

separation
increase
decrease
separation
separation

By Tesfa-Alem Tekle

July 7, 2014 (ADDIS ABABA) – Ethiopia’s House of Peoples’ Representatives (HPR) has unanimously approved 178.5 billion birr (around $9.1 billion) for the 2014-2015 fiscal year budget.

The new budget saw a 15.3% increase on the previous year’s budget sum, with 112 billion birr ($5.6 billion) of the total allocated to regular and capital spending.

Some 51.5 billion birr ($2.6 billion) has been earmarked to subsidise regional governments, an increase by around 8.5 billion birr from the previous year.

Of the total budget, the federal government will retain 62.5%, while the remainder will go to the nine regional states and to the two city administrations of Addis Ababa and Diredawa.

State minister for finance and economic development Sufian Ahmed said budget revenue will be secured from domestic financial resources, as well as foreign loans and aid.

“To cover the biggest budget allotted for capital expenditure, the government has plans to collect 43 billion birr ($2.1 billion) from domestic revenue, 12.1 billion birr from foreign loans and aid, and the rest will be covered from government treasury,” he said.

Some 15 billion birr has also been earmarked to support the country’s efforts in meeting the United Nations millennium development goals (MDGs) by 2015.

The new budget was approved following deliberations by MPs which saw the proposed state budget referred to the Budgetary and Finance Affairs Standing Committee.

The budget deficit currently stands at 1.8 per cent, but the committee says this is not expected to cause inflationary pressure.

(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


Referenda in Scotland and South Sudan told a tale of two cities 2014-09-21 06:01:02 By Mahmoud A. Suleiman September 20, 2014 - This article comes against the backdrop of the referendum in Scotland and southern Sudan in the years 2014 and 2011, respectively, and the result was (...)

Undermining South Sudanese expertise’s is ironical! 2014-09-19 10:15:59 By Peter Gai Manyuon September 18, 2014 - The recent order from the Ministry of Labor and Public Service in the Republic of South Sudan that was issued on 16th of September 2014 is absolute (...)

Sudan - Colliding interests 2014-09-16 10:04:11 By Mohamed Elshabik September 15, 2014 - Sudan seems to be unconcerned by the current political crisis in the region. Amid a prognosis of full-scale war in South Sudan, unrest in Egypt, chaos in (...)


MORE








Latest Press Releases


Sudan Democracy First Group: Art as resistance – art as resilience 2014-09-09 12:34:15 Sudan Democracy First Group Art as Resistance – Art as Resilience September 8, 2014 - To mark the third anniversary of the resumption of civil war in Blue Nile and Nuba Mountains/South Kordofan, (...)

Sudan: Those behind unlawful killings and torture of protesters must be brought to justice 2014-09-03 13:13:43 Amnesty International Sudan: Those behind unlawful killings and torture of protesters must be brought to justice The brutal suppression of protest in Sudan must end, and members of the security (...)

National Dialogue in Sudan: Past experiences and current challenges 2014-08-27 06:18:22 Sudan Democracy First Group (SDFG) Since independence, Sudan has undergone a number of national peace agreements, some of which were observed and honored for short periods, others which were (...)


MORE

Copyright © 2003-2014 SudanTribune - All rights reserved.