ADDIS ABABA – Ethiopia’s Ministry of Revenue announced today it has collected more than 183 billion birr income in the first nine months of the current 2019/20 fiscal year, which began on July 8, 2019.
The figure has shown a 25.6 per cent or 37.5 billion birr increase when compared to the same period last fiscal year.
But it’s a little bit or 4 per cent short of the ministry’s target for the period, its officials disclosed during a virtual conference that evaluates the nine-month performance report.
The impact of the coronavirus pandemic on various sectors has been given as the main reason for not collecting the total amount set as target for the period.
Of the total revenue, the report says the ministry collected over 100.67 billion birr while its customs commission garnered 82.44 billion birr. The National Lottery, on the other hand, raised 139.59 million birr during the period.
Speaking in the virtual meeting, Minister of Revenue Lake Ayalew said more efforts will be exerted to step up his office’s performance and hit the target set for the whole budget year.
The ministry has a plan to collect more than 270 billion birr revenue at the end of the current 2019/20 fiscal year.
Image: Minister of Revenue La’ke [Photo File/MoR]