For the upcoming fiscal year 2022–2023, the Ethiopian Parliament approved a government budget with planned expenditures of Birr 787 billion (11 percent of GDP), to be funded by revenue collections of Birr 439 billion, grants of Birr 39 billion, foreign borrowing of Birr 43 billion, and domestic borrowing of Birr 266 billion.
According to Cepheus’ most recent report on the new budget, when comparing this year’s budget figures to last year’s budget figures, expenditure growth is planned to increase by 40% while revenue growth (exclusive of grants) is expected to increase by 19%.
The top 10 budget expenses for the upcoming Ethiopian fiscal year, according to the Cepheus report, are listed below.
- Debt service: ETB 126.0 bn with a share of 22.4%
- Defense: ETB 84.0 bn with a share of 14.9%
- Roads: ETB 66.2 bn -11.8%
- Education: ETB 64.7 bn – 11.5%
- Water & Energy: ETB 24.7 bn – 4.4%
- Health: ETB 19.3 bn – 3.4%
- Urban Development: ETB 18.5 bn – 3.3%
- Agriculture: ETB 18.5 bn – 3.3%
- Justice & Security: ETB 17.0 bn – 3.0%
- Disaster Preparedness: ETB 13.1 bn – 2.3%
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