The Federal Government has allocated 12 billion birr to Tigray State out of the total budget allocation for the states for 2015.
Out of the total 786 billion birr budget presented for the 2015 fiscal year, 71 billion birr for Oromia, 44 billion birr for Amhara, 26.5 billion birr for southern nations, nationalities and peoples, 20.5 billion birr for Somali region, 6.4 billion birr for southwestern Ethiopia and 8.4 billion for Sidama region.
Similarly, 6.2 billion birr for Afar, 3.7 billion birr for Benishangul, 2.4 billion birr for Gambella, 1.5 billion birr for Harari, 3.2 billion birr for Addis Ababa city administration and 1.8 billion birr for Dire Dawa city administration.
The House of Peoples’ Representatives, in its regular session on Jun 8, 2022, discussed the 2015 draft budget, which was chaired by the Council of Ministers. Billion birr allocated.
Debt settlements account for 125 billion birr, 84 billion birr for defense, 66 billion birr for roads and 64 billion birr for education.
A total of 477 billion birr is expected to be collected from the federal government’s domestic revenue sources and foreign loans in the current fiscal year, Finance Minister Ahmed told parliament.
The government will receive 266 billion birr in domestic revenue in 2015, 438 billion birr in domestic revenue and the rest from project loans and grants.
He said 234.4 billion birr net deficit will be accounted for in the 2015 General Budget, which accounts for 3.4 percent of GDP.
He said 224 billion birr will be used to cover the budget deficit from domestic loans and 6.9 billion birr net loans.
However, he added that development partners have significantly reduced their development support, especially in the form of budget support.
On the other hand, the government had set a target of 8.5 percent economic growth in the coming fiscal year 2014, but the economic slowdown was slower than expected due to the CVD-19 epidemic and instability in some parts of the country, especially in the war-torn northern part of the country. He said it could drop by 7 percent.
