The House of Representatives reviewed a bill proposing changes to the export tax incentive system. The amendment aims to boost industrial growth and foreign currency acquisition by empowering the executive branch with time limit adjustments and reducing penalties for unused imported raw materials.
Government Houses Agency disclosed it managed to generate an income close to 150 million Birr in the first 6 months of the current fiscal year. The performance is 12 percent lower than the preceding year’s same period.
Ethiopia’s lower house, House of Peoples’ Representatives (HPR), adopted 6 loan agreements in its 42nd regular session. The loan agreements were concluded with the International Development Association (IDA), Japan International Cooperation Agency (JICA) and the Italian Government.
Ethiopia’s federal legislature House of Peoples’ Representatives (HPR) approved the proposed 274.3 billion Birr budget for the coming fiscal year. The budget plan shows a 21 percent increase from last year’s approved fiscal budget.
Ethiopia’s lower house, House of Peoples’ Representatives (HPR), approved an additional budget of 18.62 billion Birr for the federal government.
