House Refers over 476 billion Birr Draft Budget to Standing Committee

Addis Ababa The House of People’s Representatives (HPR) has referred the over 476 billion Birr draft budget bill for the next 2020/21 Ethiopian fiscal year which starts on July 8, 2020 to Budget, Revenue and Finance Affairs Standing Committee today.

Defending the budget, Finance Minister Ahmed Shide said the 2020/21 draft budget bill was prepared with maximizing input and outcome corelation in mind and minimizing COVID-19 induced negative effects on the economy.

According to him, with this budget the Ethiopian economy is anticipated to expand by 8.5 percent in 2020/21 fiscal year.

It is to be recalled that the budget referred to commitee was approved by the Council of Ministers.

 

Source: Ethiopia News agency

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