Budget

08 Jun

Ethiopia’s annual budget shows a 281 billion birr deficit

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, anunalbudget, Budget, Deficit, EthioNegari, Ethiopia

Finance Minister Mr Ahmed Shide has announced that the total government budget for the 2016 fiscal year presented to the House of Representatives has a deficit of 281 billion birr. Minister of council approved a proposal for 801.65 billion birr for the 2016 fiscal year. In the report submitted by the Minister of Finance to the House of Representatives, the government had a deficit of 281 billion birr in the 2016 budget. The budget deficit for the year is about 50 billion birr from the 2015 fiscal year which is in completion. The total budget of the 2015 fiscal year…

01 Apr

Tigray set to receives its budget from Federal Government

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, Budget, EthioNegari, Ethiopia, Getachewreda, Tigray, TPLF

The Federal government of Ethiopia announced that, sending budget subsidies to the Tigray region will start soon State Minister of Finance, Dr. Ayob Tekalin, said that the federal government will begin releasing budget subsidies to Tigray region from next week. The budget to be released to the region will be sent in monthly installments as it is done for other regions. Tigray's interim administration president Mr. Getachew Reda said a few days ago that, the federal government has reached an agreement to transfer the budget to Tigray. Mr Getachew, who was appointed by Prime Minister Abiy Ahmed as the head…