Addis Ababa City Council Approves 2016 Budget of 140.29 Billion Birr
The Addis Ababa City Council has approved the city's 2016 budget, totaling 140.29 billion birr. This budget allocation encompasses various areas, including regular expenses, capital expenditure, and reserve budgets, aimed at facilitating the city's development and growth. Details: The Addis Ababa City Council has examined and approved the 2016 budget plan of the city administration. The budget breakdown for the fiscal year includes: - Regular budget expenses: 23,498,446,197.00 Birr - Capital expenditure: 69,336,835,072.00 Birr - Reserve budget: 5,300,000,000.00 Birr For sub-cities, the allocation is as follows: - Regular budget expenses: 33,498,495,001.00 Birr - Capital expenditure: 8,657,773,794.00 Birr In total, a budget of 140,291,550,064.00 Birr has been approved for the city administration, covering regular, capital, and reserve budgets. Abdir Qadir Redwan, the head of the Addis Ababa City Finance Office, presented the budget plan to the council. He highlighted that the current budget reflects a significant 40% growth compared to the previous year. Redwan emphasized that achieving income and expenditure performance, along with fostering economic growth, increasing productivity, and enhancing competitiveness, will be the primary focus of the city administration moving forward.
