Addis Ababa City Administration Cabinet has decided to submit more than 100 billion birr plan to the council for the 2015 Ethiopian budget year
The Addis Ababa City Administration Cabinet has decided to submit the 100.05 billion birr budget plan to the city council for approval.
During the 11th regular meeting of the cabinet held today, the cabinet discussed the plan of the city administration from 2015 to 2017.
The City Finance and Economic Development Bureau has approved the 100.05 billion birr budget prepared for the 2015 Ethiopian budget year.
Out of the budget, 29.79 billion birr will be subsidized to the sub-cities and the remaining 70.26 billion birr will be allocated to the executive at the city level.
Out of the 70.26 billion birr budget, 54.87 percent is the capital budget and 42.29 percent is for recurrent expenditure. The remaining 3.87 percent is reserve budget.
According to the information received from the city administration, the budget is designed to allocate public resources to the priority sectors, innovation and industry, in order to achieve the goals set by the city administration.
