By Maher Ahmed - Reporter
ADDIS ABABA, Ethiopia (Dawan) – The Ethiopian Parliament on Tuesday approved a record $14.6 billion national budget for the 2026/27 fiscal year that begins on 8 July 2026, according to SRTV Somali.
Desalegn Wedaje, Chairperson of the Parliamentary Standing Committee on Planning, Budget, and Finance, stated that 1.49 trillion birr will be raised through domestic taxes, while 93.7 billion birr will be covered through loans and grants from development partners.
The budget prioritizes education, roads, healthcare, agriculture, energy expansion, and urban development, while allocating 15.1% to regional states a 17.8% increase from the previous fiscal year.
Prime Minister Abiy Ahmed noted that Ethiopia’s ongoing economic reforms have enhanced resilience, accelerated growth, and supported national recovery. He highlighted that the reforms created an enabling environment for overcoming previous challenges and demonstrating tangible economic progress.
Related articles
In the agricultural sector, 29 million hectares were planted this year, yielding 1.3 billion quintals, with the sector expected to grow by 7.7% in the current fiscal year. Industrial production has increased from 47% to 67% since the reforms, with export revenues projected at $1 billion, representing a 12.7% overall increase.
The service sector, including Ethiopian Airlines, transported 21 million passengers domestically and internationally three times higher than pre-reform figures. Addis Ababa also hosted over 200 international events this year, contributing significantly to revenue generation and economic activity.
Prime Minister Abiy projected that the service sector will grow by 9.3% in the 2026/27 fiscal year, reflecting the positive impact of Ethiopia’s economic reform agenda.