Ethiopian House of Federation to Revise Budget Subsidy to RegionsBy Staff ReporterMay 13, 2019 (Ezega.com) -- The Ethiopian House of Federation is to revise the existing budget subsidy allocation formula in which regional states receive finaicial support from the federal government. The existing budget formula, which has been in place for the last 22 years, was supposed to be revised in 2016. "The existing budget subsidy allocation formula lacks fairness and clarity and should be revised based on right principles, " Keria Ibrahim - Speaker of the house of federation has said. According to the speaker, the existing budget subsidy allocation formula was based on requirments set 22 years ago and how the subsidies have been adminstered were unclear. In an attempt to redress the imbalances among the developed and the less developed regions, one percent of the total subsidy budget was exclusively given to Somali, Benishangul-Gumuz, Afar, and Gambella regions.

Source: Ethiopian News May 13, 2019 20:03 UTC