Ethiopia: Austere Budget

It is that time of the year when the Minister of Finance & Economic Cooperation - Abraham Teksete (PhD) in this case - appears before Parliament to table the budget bill for the upcoming fiscal year to the federal government. In the past couple of years, the session has been characterised with ambitious budgets to match development goals.

This year it is different. The budget bill proposed is 346.9 billion Br, with 91.6 billion Br and 113.6 billion Br set aside for recurrent and capital expenditures, respectively. Over 135 billion Br is earmarked for subsidies to regional states, and the remaining pays for expenditures under the Sustainable Development Goals (SDGs).

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