US EditionEthiopia sees growth edge higher, deficit widen in 2025/26 budget
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Ethiopia sees growth edge higher, deficit widen in 2025/26 budget
Ethiopia expects its economy to expand 8.9 % in the fiscal year beginning July 8, up from 8.4 % this year, Finance Minister Ahmed Shide told parliament on Tuesday. Next year’s budget totals 1.9 trillion birr ($14 billion) and envisages a deficit of 2.2 % of GDP, slightly above the current 2.1 %. The government is pursuing IMF-backed reforms while negotiating a restructuring of its external debt. Exports have become the focal point of those talks…
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