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.