Ethiopia's Council of Ministers has recently announced 387 billion birr (USD 13.5 billion) national budget for the next Ethiopian fiscal year that commences on July 8, 2019. Around 140 billion birr (about USD 4.9 billion) will go to regions as budget support and of total 130.7 billion birr (USD 4.5 billion) will be utilized as capital budget. The Council of Ministers also approved some 109 billion birr as recurrent budget. More than 6 billion birr is also allocated for the implementation of sustainable Development Goals. The budget was approved by the Council of Ministers and passed over to the Ethiopian Parliament for final endorsement.

Source: News Business Ethiopia June 10, 2019 09:41 UTC