ADDIS ABABA: Ethiopia’s House of Peoples Representatives (HPR) is holding its 36th regular session in the presence of Prime Minister Abiy Ahmed. The Prime Minister will address questions from members of the House in addition to explaining the federal government’s draft budget proposed by the Council of Ministers last month.
According to Ethiopian News Agency, the Council of Ministers has proposed a nearly 1 trillion Birr federal budget for the upcoming fiscal year. The budget is aligned with the Ten-year Prospective Development Plan and the 2017-2021 medium-term macroeconomic and fiscal frameworks of the country, considering the government’s financial capacity and expected revenues and expenses.
The proposed budget prioritizes domestic funding sources and invests in productive sectors to boost productivity and economic output. Poverty reduction and sustainable development are central to the budget plan, with 92 percent of the source expected to come from tax collection. The House of Peoples Representatives is expected to approve this budget in today’s session.
Diplomats from various countries, representatives of multilateral organizations based in Addis Ababa, religious leaders, and other invited guests are in attendance.