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Ethiopian Ministry of Revenues Collected Over $6.7 Bn as the Fiscal Year Ends

The Ethiopian Ministry of Revenues announced that it collected over 198 billion birr, which is close to $6.8 billion, in the 20111 Ethiopian fiscal year, which ended on July 7, 2019.

Adanech Abiebie, Minister of Revenues, noted this year's collection has shown a rise of 12 percent compared to the preceding year. This amounted to 22 billion birr. Still, however, the collection came short of the targeted amount of 213 billion birr. 

The Ministry said it plans to collect 248.3 billion birr during the next Ethiopian fiscal year of 2012 (2019/20).


Source: Fana BC