Spread the loveTHE Ethiopian government has announced that the country’s economy is projected to achieve a 7.9 percent growth rate for the 2023/2024 fiscal year, which began on July 8. Assefa highlighted the “impressive performance” of various economic sectors. In terms of revenue generation, Assefa reported that the Ethiopian government has collected approximately 374 billion Ethiopian birr (around US$6.5 billion) over the past nine months. Assefa expressed confidence that the projected 7.9 percent economic growth is achievable by the end of the fiscal year, attributing this to the positive outlook and progress made in key economic areas crucial for the country’s macroeconomic development. The country achieved a 7.2 percent growth rate during the previous Ethiopian fiscal year (2022/2023).

Source: Ethiopian News May 23, 2024 22:46 UTC