Ethiopian govt plans to increase yearly income from excise tax by $1bn - News Summed Up

Ethiopian govt plans to increase yearly income from excise tax by $1bn


The Ethiopian government is preparing its ground to enhance its annual income from excise tax every year by around USD 1 billion. According to Tekalign, the augmentation in revenue from excise tax will play a crucial role in enhancing the development of various sectors, including education, health and agriculture. The State Minister Tekalign noted that the pilot program would be made on seven government institutions this Ethiopian fiscal year. Besides, the state minister said that the Electronic-Government Procurement (E-GP) software is being developed by the Ministry of Innovation and Technology to improve good governance in the procurement management system, NewBusinessEthiopia.com. Also Read: Ethiopian govt to receive €33.5mn from European Union for Disaster Risk Reduction project


Source: News Business Ethiopia May 09, 2019 13:18 UTC



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