HPR approves 178.5 bln birr for 2007 E.C budget year

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Addis Ababa, 7 July 2014 (WIC) - The House of Peoples' Representatives (HPR) on Thursday unanimously approved the 178.5 billion birr draft budget proposed for 2007 E.C (2014/15) budget year.


The budget has increased by 23.7 billion birr or 15.3 per cent when compared to the current fiscal year’s budget amount.


Out of the total 178.5 billion birr, 112 billion is to be allocated to regular and capital budget, showing a 15.1 million birr increase from just the concluded  budget yea’s  allocation for regular and capital expenses.


For subsidizing States of the Federation, 51.5 billion birr has been allocated and this also has increased by almost 8.5 billion birr.