Despite Ethiopia’s ongoing macroeconomic reforms, fixed-income earners continue to feel the pressure of rising living costs. Dr. Eyob Tekalign, State Minister of Finance, acknowledged that while certain segments of society are benefiting from increased earnings, those with stable salaries still struggle with inflation.

Speaking at a public forum organized by the Prime Minister’s Office, Dr. Eyob explained that the reforms are aimed at stabilizing the economy, particularly by narrowing the gap between the official and black market exchange rates. He highlighted the government’s efforts to ease inflationary pressures, including allocating 70 billion birr to fuel subsidies and refraining from imposing additional taxes.

He also noted that structural adjustments in production and supply have contributed to stabilizing prices, but further improvements are still needed. To fully address the challenges, he emphasized the importance of continued collaboration between the government and the public.