Addis Ababa’s Cabinet Approves 100bln Birr Budget for Next FY

ADDIS ABABA – Addis Ababa City Administration Cabinet has passed a 100.05 billion birr spending plan for the 2022/23 Ethiopian budget year, which will start on July 8.

Members of the Cabinet endorsed the draft spending plan during their eleventh regular session of its first term today.

The total budget has shown a 41.6 percent increase as compared to the concluding 202122 Fiscal year spending, announced Adanech Abiebie, mayor of the city of Addis Ababa.

Adanech said at least 54% of the newly approved budget, or 54.87 billion birr, is allocated for capital expenditure.

The city administration has also allocated 41.31 billion birr for recurrent spending, and the remaining 3.87 is also set aside as a reserve.

The budget allocation was carried out with a focus on sectors that will be prioritized by the administration and federal government during the next fiscal year.

Special focus was given to innovation, infrastructure, and industry sectors while preparing the budget, the city’s communication office said.