Authority collects 204 bln birr revenue

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Addis Ababa, 3 April 2014 (WIC) – The Ethiopian Revenues and Customs Authority (ERCA) said it has earned 204 billion birr revenue during the past three and half years of the Growth and Transformation Plan (GTP) period.

Authority Education and Communication Directorate Director, Ephrem Mekonnen, told WIC that the revenue was collected from domestic tax, foreign trade and lottery sales.

The revenue collected in the reported period surpassed it target by 2 billion birr, he said.

According to Ephrem, the authority had collected 50 billion birr in the first year of the GTP period. The plan was to collect 45 billion birr.

During the second year of the GTP period, the authority fully attained its target of collecting 70 billion birr, he said.

Though the authority’s plan was to collect 87 birr during the third year of the GTP period, it managed to rake 84 billion birr, he said.

Ephrem, the authority has set a plan to collect 101 billion birr and 420 billion birr this Ethiopian budget and at the end of the GTP period, respectively.