The capital city’s budget has significantly increased, going from 70 billion birr to 140 billion birr, in the three years since Mayor Adanech Abiebie’s administration took power (Photo: Addis Ababa City Communication/Facebook)Addis Abeba – The Addis Abeba City Council has approved a staggering budget of 140.3 billion birr for the upcoming 2016 Ethiopian fiscal year. Out of this total budget, approximately 23.5 billion birr has been allocated as a recurrent budget, while a substantial amount of 69.3 billion birr has been set aside for capital expenditures. Additionally, the 11 districts within Addis Abeba will receive an allocation of close to 42 billion birr. During the two-day assembly held starting 8 July 2023, Abdir Kadir, the Head of Addis Abeba City Finance Bureau, presented the budget plan to the council. Three months ago, the Addis Abeba City Administration Revenue Office announced the revision of tax rates on condominium house roofs and walls.

Source: Ethiopian News July 10, 2023 15:48 UTC