ADDIS ABABA, June 11 (Xinhua) -- The Ethiopian government has proposed a record 1.93 trillion Ethiopian birr (about 14.14 billion U.S. dollars) as an annual budget for the 2025/2026 Ethiopian fiscal year, which will start on July 8.
The draft budget, presented to the Ethiopian House of Peoples' Representatives (HoPR), the lower chamber of parliament on Tuesday, marked a significant increase compared to last year's budget.
Of the total budget, about 1.2 trillion birr is allocated for regular expenditure, 415 billion birr for capital expenditure, and 315 billion birr for regional state subsidies. An additional 14 billion birr is specifically earmarked to help regions achieve the United Nations Sustainable Development Goals.
Finance Minister Ahmed Shide said the government would maintain its "strict monetary and fiscal policies" to effectively utilize the proposed budget. This approach, he explained, is crucial for stabilizing inflation and fostering efficient budget utilization.
The minister further noted that the 2025/2026 draft budget is comprehensively structured to support the nation's ongoing macroeconomic reforms and align with its ambitious 10-year development plan.
The minister said the government forecasts an 8.9 percent economic growth rate for the 2025/2026 Ethiopian fiscal year. ■
