Ministry collects over 183bn birr revenue in nine months

Addis Ababa, April 28, 2020 (FBC) –The Ministry of Revenue announced that it has collected more than 183 billion birr in revenue during the last nine months, achieving 96% of its target.

The plan was to earn 190.7 billion birr, according to a statement issued by the Ministry.

However, it said, the revenue obtained in nine months surpassed by 25.6% compared to the same period the previous fiscal year.

In a virtual performance evaluation held today, Lake Ayalew, Minister of Revenue, said more efforts will be made to step up his Ministry’s income generation capacity.

The Ministry has a plan to raise the revenue collected from various income titles to 270.2 billion birr when this Ethiopian fiscal year ends in early July.