Home | News    Wednesday 6 July 2016

Ethiopia approves over $ 12 billion annual budget


By Tesfa-Alem Tekle

July 5, 2016 (ADDIS ABABA) – The Ethiopian parliament on Monday approved a total budget 274.3 Billion Birr ($ 12.57 billion) for the 2016/2017 fiscal year.

JPEG - 44.4 kb
Egyptian President Abdel-Fattah al-Sisi, on the far left table seated, addresses the Ethiopian parliament Wednesday, March 25, 2015 (Photo AP)

The budget which was unanimously endorsed by lawmakers today has saw a 13.7 % rise compared to the previous year budget.

Sudan Tribune has learnt that of the total budget $ 4.8 billion is allocated for capital expenses and $ 3.1 billion for regular expenditures.

Around $ 4 billion is allocated for subsidy to regional states, and $ 550 million for expenses of sustainable development.

During today’s session, Ethiopian Prime Minister Hailemariam Desalegn said Ethiopian industry and service sector have shown growth of 7%.

The premier said the country was subjected to slow economic growth later this year due to impacts of El Nino which has significantly affected the agricultural sector.

Ethiopia is among some African countries which were severely hit by food insecurity which was caused by El Nino induced drought.

The drought which is worst in decades led to sharp deterioration in food security and massive drop in agricultural and pastoral production forcing over 10 million Ethiopians to depend on food Aid.

“The Ethiopian government has expended 800 million dollar to control the impacts of drought,” Hailemariam said.

The Premier said the country has performed good in growing its economy during this fiscal year (2015/216) and it was substantiated by the International Monetary Fund (IMF).

The Premier said the country’s economic growth for this year is expected to be 8.5%, lower than previous years when the country had been registering double digit economic growth.

According to Hailemariam, the government has worked aggressively to curb hitches of good governance.


With regard to Eritrea he said Ethiopia is ready to negotiate anytime with Eritrea if the latter is ready for dialogue.

The premier however warned his country would take proportional measures if red sea nation continues its attempt to destabilize Ethiopia.

Last month, forces of the two rival neighbors engaged in heavy border fighting along their common border.

Hundreds of soldiers were reported to have been killed and many more wounded from both sides.

Last month’s battle is the most serious military engagement since the two sides fought the 1998-2000 border war which killed tens of thousands.

The two sides traded blame over who first sparked the latest fighting which lasted for two days.


Concerning diplomacy, Hailemariam said Ethiopia’s election to be a non permanent member of UNSC is the result of consistent diplomatic efforts of the country.

Last week, the United Nations General Assembly elected Ethiopia for membership during an election Session for five non-permanent members of the United Nations Security Council.

Ethiopia was elected after the horn of Africa’s nation secured an overwhelming support from 185 countries out of the 193 UN member states.

Last week the Ethiopian Prime Minister said Ethiopia as member of the UNSC will stand firm in safeguarding the interests of Africa.

During its two year long service in UN security council, Ethiopia says it will exert maximum efforts to boost roles of African countries in the global decision making process which had been dominated by western powers.

Hailemariam said climate change, poverty, unemployment, peace and stability, terrorism and illegal migration will be among areas Ethiopia will focus to be addressed.


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

Completion of 2nd GERD’s filling necessitates a shift in trilateral negotiations 2021-07-20 19:55:28 By A.Tesfaye Abera The completion of the second-year filling of the Great Ethiopian Renaissance Dam (GERD) instigates polarized views between Ethiopia, Sudan and Egypt. Mainly Egypt sees it as (...)

South Sudan legislators should be cautious about the oath they will take 2021-07-15 07:04:56 By Roger Alfred Yoron Modi It is a fact that the legislators of South Sudan’s incoming Reconstituted Transitional National Legislative Assembly (TNLA) are appointees of the parties to the (...)

What they said about Sudanese John Garang 2021-07-12 05:49:37 By Mahmoud A. Suleiman This article of a compilation of related topics comes against the backdrop of a number of issues relating to the Republic of South Sudan that was declared its inauguration (...)


Latest Press Releases

S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


Copyright © 2003-2021 SudanTribune - All rights reserved.