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


Musa Hilal’s "Awakening": Khartoum’s worst nightmare? 2015-04-22 06:33:05 By the Sudan Democracy First Musa Hilal, once one of the principal commanders of the Janjaweed militias which supported the Sudan Armed Forces (SAF) in the 2003/04 ethnic cleansing campaign in (...)

A brief history one man’s destructive misrepresentations 2015-04-18 08:07:54 By Eric Reeves Al Jazeera America is currently airing a two-part documentary that attempts to represent the character and causes of the catastrophe that has overtaken South Sudan following the (...)

Sudan’s election marred by arbitrary detention, and insecurity 2015-04-18 06:31:10 By African Centre for Justice and Peace Studies Sudan’s national general elections began on 13 April 2015. Scheduled to end on 15 April, they were extended one day by the National Elections (...)


MORE






Latest Press Releases


Sudan’s 2015 Elections: A huge step in democratic consolidation 2015-04-22 13:12:25 EMBASSY OF THE REPUBLIC OF THE SUDAN 3 CLEVELAND ROW, ST.JAMES'S LONDON SW1A 1DD TEL: 020-7839 8080 PRESS AND INFORMATION RELEASE (2/2015) Sudan’s 2015 Elections: A Huge Step in Democratic (...)

Sudanese security arrest rights defender Adil Bakheit 2015-04-18 08:04:21 FRONT-LINE DEFENDRSPress StatementSudan Human rights defender Adil Bakheit arrested Human rights defender Mr Adil Bakheit was arrested on 16 April 2015 by the National Intelligence and Security (...)

Which do you choose? Peace or War? 2015-04-18 06:16:42 To the South Sudanese Diaspora Which do you choose? Peace or War? Coalition of Advocates for South Sudan, April 11, 2015 “The Voice of the South Sudanese Diaspora” Who are/What is the South (...)


MORE

Copyright © 2003-2015 SudanTribune - All rights reserved.