The 28th regular session and second tenure of the House of People’s Representatives (HPR) have today approved the 801.65 billion birr budget of the federal government for the Ethiopian fiscal year of 2016.

The budget proposal was presented to the HPR by the Planning, Budget and Finance Affairs Standing Committee of the HPR.

The budget slated for the fiscal year includes 369.6 billion birr for regular government expenditure and 203.9 billion birr for capital expenditure while 214.07 billion birr is to be disbursed in budget subsidy for regional states. Moreover, 14 billion birr was earmarked for sustainable development programs to be implemented during the fiscal year.

The approved budget is slightly higher than the budget allocated for the concluding fiscal year by 2 per cent.

The federal government budget is expected to focus on supporting citizens who were affected by the drought situation and those displaced during the two years war in the northern part of the country as well as rehabilitation of social and infrastructure services destroyed during the war.

Source: Ethiopian News Agency