The Council of Ministers, in its 2oth regular session today, discussed the macroeconomy and fiscal framework of the next five years (2024-2028) and passed decision, according to the Office of the Prime Minister.
The council has thoroughly deliberated on the macro economy and fiscal framework of the stated period, based on which government budget was prepared in line with the objectives and principles of the macroeconomy; also taking into account government’s income and expenditure in the stated middle budget years, outlining government gross income predictions, expenditure limit, regional budget subsidy limit, and fiscal deficit for the 2016 federal government budget. And it unanimously approved.
The framework will help maintain healthy financial system and resolve the fiscal risks, which the country has encountered over the last couple of years, it was indicated.
Moreover, it will be helpful in balancing government income and expenditure.
Source: Ethiopian News Agency