Fana: At a Speed of Life!

Council of Ministers proposes over 476bn birr budget for next year

Addis Ababa, June 6, 2020 (FBC) –The Council of Ministers in its 84th regular session held today decided the federal budget for the 2013 (20 20/21) fiscal year to be more than 476 billion birr.

Of the total budget, more than 133.3 is for recurrent spending, over 160.3 billion for capital expenditure, more than 176.3 billion to subsidise regional states and 6 billion for Sustainable Development Goal (SDGs) projects.

The Council referred that budget to the House of People’s Representatives (HPR) for approval, according to a statement office of the Prime Minister sent to FBC today. T

he country’s budget for the 2012 (2019/20) fiscal year was 387 billion birr.

The Council also discussed on the loan agreement signed with the International Development Association (IDA) for a project that aims to prevent and control desert locust.

Taking into consideration the significance of the loan, which is interest free soft loan, to control the invasion of locust, it sent the agreement to the House for approval.

The Council also deliberated on draft bills approving four international agreements, including those signed with Rwanda and Djibouti on judicial cooperation and extradition of criminals, as well as the UN Convention on Contracts for the International Sale of Goods.

After discussing on the bills tabled by the Federal Attorney General, the Council referred them to the House to be endorsed.

The Council also discussed on and passed decisions on other directives and emergency laws adopted in response to the coronavirus (COVID-19) pandemic.

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