Oromia of Ethiopia meets its tax revenue target – New Business Ethiopia - News Summed Up

Oromia of Ethiopia meets its tax revenue target – New Business Ethiopia


Meeting its target by 99%, the Oromia of Region of Ethiopia collects 9.187 billion birr ($325.8 million) tax in the first six months of Ethiopian Calendar started July 8, 2018. As compared to last year same period, the tax income has grown by almost 16%, according to the figures NewBusinessEthiopia.com received from Oromia tax office. The total tax collection plan of the Region for the whole year is 18, 508, 884, 969 birr ($656.3 million). The national budget of Ethiopia for the current fiscal year is 346.9 billion birr (about $12.3 billion). Meanwhile, the budget document of the country estimates that Ethiopia may collect a total of 254.8 revenue including foreign aid and tax.


Source: News Business Ethiopia February 26, 2019 09:56 UTC



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