The council ministers held its 76th regular session on Saturday. Photo PMEthiopia

Council of Ministers Approve 476bln Birr for 2020/21 Budget

ADDIS ABABA – Ethiopia’s Council of Ministers have approved today a bill that allocates 476 billion birr in government spending for the 2020/21 budget.

Of the total budget, 160.3 billion birr is allocated for capital expenditure, 133.3 billion birr for recurrent spending, 176 billion birr to subsidize regional states, and 6 billion birr for Sustainable Development Goal (SDG) projects.

After deliberating on the proposed budget, the ministers sent the bill to the lower house of Ethiopian parliament for ratification, said the prime minister office in a statement.

The total amount has shown an 89 billion birr increase from the current fiscal year budget which is 386.9 billion birr ($13.48 billion).

[Photo File]