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


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.