House Approves Over 386.9 bil. Birr for 2019/20 Budget Year

Addis Ababa The House of Peoples' Representatives (HPR) has endorsed today unanimously over 386.954 billion Birr budget for the 2012 Ethiopian fiscal year (2019/20), after discussing on a draft bill on federal government's budget.

The House, on its urgent session has endorsed the draft annual federal government budget bill presented to it by Council of Ministers.

Accordingly, the House approved unanimously over 386.954 billion Birr for the upcoming Ethiopian fiscal year.

This year's budget raised by 40 billion birr, which is 12 percent compared to the preceding year.

Based on the endorsed budget, over 109.468 billion Birr is allocated for regular budget, while more than 130.710 billion Birr will be used for capital disbursement.

More than 140.775 billion Birr will be used to subsidize regional states, and some six billion Birr will go to the execution of the Sustainable Development Goals (SDGs).

Source: Ethiopian News Agency