Economy
Government Targets 10.1% Economic Growth, Single-Digit Inflation
BirrMetrics · 2 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
President Taye Atske Selassie announced that Ethiopia is targeting 10.1 percent economic growth and single-digit inflation for the current fiscal year.
- Ethiopia is targeting 10.1 percent economic growth in the current fiscal year.
- The government plans to push annual inflation down from 13.4 percent to below 10 percent.
- President Taye Atske Selassie outlined the economic priorities during the opening of parliament at a joint session of the House of Peoples’ Representatives and the House of Federation.
- Policy priorities include improving productivity and quality, strengthening domestic revenue mobilisation, expanding the tax base, and tightening public expenditure management.
- The government aims to raise electricity access to 65 percent, expand health-insurance coverage to 85 percent, and increase student feeding coverage to 70 percent.
- Authorities plan to attract more than 1.6 million foreign tourists during the fiscal year.
- Export earnings reached 11.2 billion US dollars and foreign direct investment totalled 4.5 billion US dollars.
- Manufacturing expanded by 15.8 percent and credit supply increased to 1.3 trillion birr.
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