Saturday, June 13, 2015

Crunching the numbers…





This week Sufian Ahmed, Minister of Finance and Economic Development (MoFED), appeared before parliament to present his government’s budget for the 2015/16 fiscal year. In his much anticipated budget speech Sofian highlighted the next budget year will mark the start of country’s structural transformation to industry and to do that his government is prepared to host a large number of Foreign Direct Investment into the manufacturing sector. The above pie chart shows 13 major spending items accounting for 60.4 percent of overall budget (223 billion birr) and the resources allocated to them…click  the  link here to read more 

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