Ethiopia’s cabinet approves 31pc budget increase to $15bn
Aerial view of Addis Ababa. Ethiopia is in the midst of far-reaching economic reforms, including the floatation of its birr currency and a push to restructure its debt.
Ethiopia’s cabinet has approved a nearly two trillion birr ($15 billion) budget for the 2025/26 financial year starting in July, a 31 percent increase from the previous year, the Prime Minister’s office said on Thursday.
The country, which struck a four-year deal with the International Monetary Fund last July, is in the midst of far-reaching economic reforms, including the floatation of its birr currency and a push to restructure its debt.
