ADDIS ABABA – Ministry of Revenue said it has collected 259.3 billion Birr in the last eleven months of the current Ethiopian fiscal year, which started on July 8, 2020.
In statement Saturday, the ministry said the total figure has shown a 42 billion Birr or 19 percent increase as compared to the same period of the previous 2019/2020 fiscal year.
The ministry also said it has managed to accomplish 98 percent of its target for the period, which was 264.8 billion Birr.
Its officials described the revenue garnered during the period as one of the highest.
“Considering the level of challenges including Coronavirus pandemic, the performance can be labeled as excellent and the rise in the year-on-year revenue as the highest,” said the ministry.
Revenue Minister Laka Ayalew attributed the “excellent” to the rise in the number of volunteer tax payers as well as to improvement in the performances of Customs Commission and National Lottery Authority.
Inland revenue, export duty and lottery ticket sale have been the major sources of revenue.
The lion’s share of the total revenue was collected from domestic tax, which, according to the ministry, is a little over 156.2 billion Birr.
The remaining 102.8 billion Birr and 209.6 million Birr revenue were garnered from export duty and lottery sale, respectively.