2017 Fiscal Year Draft budget discussion for stakeholder
It was stated that the 2017 budget has a growth of 42.19% compared to the 2016 budget year. July 3/11/16 Finance Office The office announced that the draft budget of 2017 has been prepared in a way to sustain the economic growth of the city and to ensure the equitable benefit of the residents. The Addis Ababa City Administration Finance Office discussed the 2017 draft budget with the Council's Standing Committee on Government Budget Expenditure Management Control. The director of the Directorate of Physical Policy and Revenue Research at the Finance Bureau, Ato Bele Moges, presented the draft budget and the budget offices have evaluated the city's total revenue and expenditure forecast and the expenditure needs of institutions based on the performance of the 2016 fiscal year and said that the 2017 budget has been prepared. They stated that it has a growth of 42.19% compared to In order to take the development works started in the 2017 fiscal year to a higher level and achieve sustainable development goals, the percentage of the budget allocation is 63.58% for capital and 36.42% for normal in the draft budget. Ato Bele said that the largest part of the draft budget is the capital budget used for the implementation of projects. He pointed out that the draft budget will give special attention to the development goals set by the city administration, especially for education, water, roads, transportation, health and other projects. The Standing Committees on Government Budget Expenditure Management Control Issues presented their comments and questions on the proposed draft budget. Addis Ababa City Council, Chairman of the Standing Committee on Government Budget Expenditure Management and Control Matters, Honorable Mr. Gatwech Wor said in the forum that the city administration's budget should be used for the sustainable development of the city, so that the city should plan and move with the appropriate budget in order to succeed in the rapid growth of the city. Besides, he said, he will do appropriate monitoring and control. Addis Ababa City Administration Finance Bureau Head Mr. Abdulkadir Redwan said that the draft budget has been prepared in a manner that ensures the fair benefit of the residents. He stated that it is necessary to increase the supply of resources needed to facilitate the development and good management works being done by the city administration, by reducing expenses and paying special attention to income.
