Tax Revenues Grow amidst Pandemic Crisis
Ethiopia’s federal government collected taxes worth ETB183 billion in the last nine months, achieving 96Pct of its target, despite fears it would fall because of the COVID-19 induced economic crisis.
It is also 25.6Pct higher than that of the amount registered during the same period last year.
The announcement comes at a time when the government expected a huge decline in its revenues due to business slowdown caused by the Coronavirus.
The last quarter of the existing fiscal year is expected to witness a drop in government revenues due to tax relief supports given to businesses.
It is predicted that the government would likely lose over ETB70 billion as a result.
Mintesinot Nigussie Asfaw
