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The Ministry of Revenues reported that it collected over Birr 512 billion birr was collected during the concluded fiscal year, failing short of the initial target of Birr 529 billion.

Ministry of Agriculture announced its national master plan to double dairy production, Walta Information Center reported (WIC).

Ethiopia’s Ministry of Finance and Economic Cooperation faced 14.4 billion Birr budget deficit in the first six months of the current fiscal year. The Ministry generated 80.5 billion Birr income but its expenditure was 95 billion Birr.

The six performance show there is a 7.7 percent increment in tax revenue when compared to last year’s performance. However, this was lower than what was planed.

The plan by Ethiopia’s Ministry of Industry to construct a leather tannery village in Mojjo town is still impractical for it has not yet secured USD 58 Million.

The Ethiopian Ministry of Mines and Petroleum said it is finalizing a first-ever petroleum policy that will be used for the coming fifteen years. Beginning with exploration of petroleum, to importing petroleum and its consumption at the national level, the policy puts forward general directions.