Skip to main content
x

PM remains defiant over foreign debt stress

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).

Government requests 33.99 bln birr supplementary budget

In an attempt to fill funding gaps in on-going government projects and to accommodate the upcoming costs of population and housing census in addition to other expenditures, the Ethiopian Government has requested a supplementary budget of 33.9 billion birr, The Reporter has learnt.

House approves 14 bln birr supplementary budget

Upon the request made by the government three weeks ago, the House of People’s Representatives (HPR), on Tuesday approved a 14 billion birr (around USD 510 million) supplementary budget to finance natural and unexpected disasters, youth revolving fund and other activities that are being carried out by the federal government.

Government backtracks on supplementary budget

Rolling back on its shift made eight years ago while moving from line-item budgeting to program budgeting, the Council of Ministers once again approved a supplementary budget of 14 billion birr this week. The current supplementary budget came for the eighth year in a row since the introduction of the new type of budgeting in the country.

MoFEC orders public agencies to submit details of current projects

-No supplementary budget this FY During a two-day meeting which took place this week with all public universities and federal budgetary institutions and ministries, Abraham Tekeste (PhD), Minister of Finance and Economic Cooperation (MoFEC), has ordered all the agencies to submit the status and profiles of their ongoing projects until November 9, 2017.

No supplementary budget this FY

Abraham Tekeste (PhD), minister of Finance and Economic Cooperation, explicitly told university presidents that there will be no supplementary budget for the current fiscal year.

He demanded all public universities to strictly apply the program budgeting systems. Universities were also ordered to submit the financial reports of the last budget year.