Economy
Sheger City Administration Approves 2026/27 Budget After Months of Delay
Wazema · 4 days ago · Read the Full Story on Wazema
AI SUMMARY
The Sheger City Administration has approved a budget of over 47.6 billion Birr for the 2026/27 fiscal year after a delay of more than two and a half months.
- The Sheger City Administration officially approved its 2026/27 budget during an emergency meeting held on Tuesday.
- The budget approval was delayed for over two and a half months due to internal governance issues and resource mismanagement.
- The primary cause of the delay was the administration's unauthorized use of two percent of its 2025/26 regular budget reserve without notifying the regional government.
- The City Council decided that the budget for the current year will exceed 47.6 billion Birr.
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