Sinopia News Top

Ethiopia: Ministry of Revenues Collects 95% of Revenue Target in Nine Months

MoR LogoThe Ministry of Revenues (MoR) collected Birr 374 billion in revenue over the past nine months. This achievement was announced by Minister Aynalem Nigussie during a session with the House of People's Representatives' Plan, Budget, and Finance Standing Committee.

The collected revenue represents 95% of the ministry's target of Birr 391 billion for the same period within the Ethiopian fiscal year. This translates to a significant increase of Birr 43 billion compared to the corresponding period last year.

The ministry's performance report provided a breakdown of revenue sources. Domestic sources contributed Birr 235.19 billion, while foreign trade generated Birr 139 billion. Additionally, the ministry seized contraband goods and illegal foreign currencies valued at approximately Birr 11.81 billion. These efforts led to the apprehension of 745 individuals involved in such activities over the nine-month period.

Source: Ethiopian News Agency