Ethiopia Collects Over 53.9Bn Birr in Revenues in October

lake-ayalew-minister-of-revenuesEthiopia's Ministry of Revenues announced that it has collected over 53.9 billion birr in the month of October alone. The amount stands at 95.26 percent of the 56.59 billion birr target set for the period, Lake Ayalew, Minister of Revenues noted.

Compared to the previous fiscal year, the collected amount has shown an increase of 21.82 percent, over 9.657 billion birr.

Local tax accounted for nearly 42.8 billion birr of the collection, while customs duties amounted to 11.84 billion birr.

Mrl. Lake emphasized this has been achieved despite four of its branches not being functional due to the security situation in some parts of teh country, in addition to movement restriction in other areas. He also extended thanks to the staff of his Ministry who he said worked "relentlessly" for the achievement to be realized. 

Source: Ministry of Revenues

Exchange Rates

USD 48.8046  47.8476 
GBP 62.1570  60.9382 
EUR 55.0759  53.9960 
CHF 50.3657  49.3781 
CAD 34.5901  33.9119 
AED 12.0235  11.7877