The Council of Ministers has approved over 320 billion birr budget for the upcoming Ethiopian Fiscal Year.
According to a statement the Council sent to ENA, it has approved 320,803,602,160 birr budget in its 31st regular meeting today.
Of the total budget, 114,703,641,453 birr is allotted for capital expenditure, according to the press release.
More than 117 billion birr is allotted to subsidize regional governments, while 7 billion birr will be utilized for sustainable development goals.
The draft budget has grown by 9.6 percent when compare to that of the present fiscal year, it was stated.
The budget is referred to the House of People’s Representatives for approval.
Meanwhile, the council has also passed decision on a loan agreement for the realization of Sustainable Development Goals in the health sector.
The agreement is forwarded to the House of People’s Representatives (HPR) for approval.(ENA)