(3 minutes read)
- Ethiopia’s Ministry of Finance said that extensive efforts have been made to collect the targeted amount of revenue, and the performance has been encouraging in the second quarter of the fiscal year, which commenced on July 8
- This, he revealed, during the performance briefing of the 100-day performance of the second quarter.
- During the months of October and November alone, 70.6 billion birr has been collected from domestic sources.
Ethiopia’s Ministry of Finance said that extensive efforts have been made to collect the targeted amount of revenue, and the performance has been encouraging in the second quarter of the fiscal year, which commenced on July 8. This, he revealed, during the performance briefing of the 100-day performance of the second quarter.
During the months of October and November alone, 70.6 billion birr has been collected from domestic sources. It stands at 89.3 percent of the target. In addition, multilateral and bilateral development partners, in the form of aid and loans, had provided US $364 million. The foreign exchange earned has been estimated at US $255.6 million during the two months. The government owned development organizations generated a profit of 3.8 billion birr during the period.
The Ministry of Finance said the federal government has expended 73.3 billion birr. Of that, 33.6 billion birr has been spent by regional governments. The Ministry said that the expenditure was allocated on select priority sectors. The review meeting was undertaken by the office of the prime minister and was attended by officials of the Ministry of Plan and Development, as well as other ministerial offices.
