Ethiopian Business Review

The growth trend of the federal budger from 2008/09 to 2013/12
Source MoFED, Compilation and Illustration by EBR

Ethiopia’s federal budget over the last five years has shown an average increase of 20 pct. In 2009/10 and 20010/11 the budgets grew nearly 20 pct to ETB 64.5 and ETB 77.2 billion respectively.

At the first year of the GTP the federal budget has leaped to ETB 117.8 billion recording remarkable growth of almost 40 pct. In the previous year the budget has increased to 137.8 billion with 13.6 pct growth. Similarly the next year’s 2013/14 proposed budget has shown a 12.3 pct growth.

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The number of people currently under detention by court order since the Federal Ethics and Anti Corruption Commission began arresting senior government officials and private sector tycoons on May 10, 2013. The number had been 61 until two detainees were released on bail in the last week of June. Among these detainees is Melaku Fanta, former director general of the Ethiopian Revenue and Customs Authority, whose office has been taken over by Beker Shalle, the former mayor of Adama town. Melaku, who is believed to be behind the increasing tax revenues the nation was able to achieve in the last few years, is reported to have been sick after his detainment and has been under a series of medical treatments. The Authority’s other senior official under detainment is Gebrewahid Woldergiorgis, Melaku’s deputy and the head of the Authority’s intelligence arm. The list of detainees includes the Authority’s regional officials and other business people in the private sector. The hearing, which has almost taken 2 months before any verdict, is ongoing with more investigations going on in Addis Ababa and other regions.

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Africa’s economy remained strong to register a 5.0 pct growth in 2012. The region’s economic growth was reported to be promising as it came amidst slowing world economy. Africa’s economic growth has benefited from the improving political unrest in the northern region of the continent, elections were hold and normal business activities have begun to return in Egypt and Libya.

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