We review the recently approved Government Budget for the 2022-23 fiscal year and summarize below some of its most notable elements.
1. Headline Numbers: The Ethiopian Parliament approved yesterday a government budget with planned expenditure of Birr 787bn (11% of GDP) for the new 2022-23 fiscal year, to be funded by Birr 439bn of revenue collections, Birr 39bn of grants, Birr 43bn of foreign borrowing, and Birr 266bn of domestic borrowing….

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