Addis Ababa — The Ethiopian federal government has presented a draft national budget of 1.93 trillion birr for the 2018 Ethiopian fiscal year, Finance Minister Ahmed Shide announced during a parliamentary session with the House of People’s Representatives.
According to the breakdown of the proposed budget:
- 1.2 trillion birr is allocated for regular (recurrent) expenditures
- 415 billion birr for capital expenditures
- 315 billion birr will support regional states
- 14 billion birr is earmarked for the implementation of sustainable development goals at the regional level
Minister Ahmed stated that 1 trillion birr, or 73% of the proposed budget, will be financed through domestic tax revenues. An additional 236 billion birr is expected from development partners, while the remaining funds will be sourced from project assistance and non-tax revenues.
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