Ethiopia's Auditor General told Members of Parliament (MPs) that the trend by the National Planning Commission (NPC) to allocate budget for public development projects without proper monitoring and evaluation of feasibility study has continued.
In trying to cope with the growing need of the economy and the current global pandemic shaking the financial markets around the world, the Government of Ethiopia has presented a 476 billion birr budget proposal to the House of People’s Representatives (HPR) for the upcoming fiscal year of 2020/21.
The Council of Ministers (CoM) has approved a 48-billion-birr fresh supplementary budget package, on Friday, which is to be the second in the past four months, as COVID-19 takes its toll on the already slowing down economy.
The Government of Ethiopia has tabled a request for a supplementary budget close to 27.9 billion birr before the House of People’s Representatives (HPR). The latest request comes four months before the current fiscal year ends and is an additional federal budget to the current year [2012 E.C] which amounts to 387 billion birr.
The House of People’s Representatives (HPR) ended its fourth year of the current parliamentary term by endorsing the proposed federal government’s budget worth 386,954,965,289 birr (over USD 13.8 billion) for the fiscal year 2012 E.C (2019/20 GC).