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Ethiopia proposes a record $7 Billion annual budget for next year

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06/12/11

  11:30:35 pm, by admin, 113 words  
Categories: Ethiopia

Ethiopia proposes a record $7 Billion annual budget for next year

Addis Ababa Ring Road

Ethiopia proposes a record $7 Billion annual budget for next year

ADDIS ABABA (Reuters)
- Ethiopia has proposed a record 117.8 billion birr ($7 Billion) annual budget for next year, aiming to build infrastructure, health and education services in one of Africa's fastest growing economies.

Although still one of the world's poorest countries, the Horn of Africa nation says its economy has grown by an annual average of 11 percent over the past five years, one of the continent's highest rates.

Ethiopia devalued its currency by 10 percent in 2009 to boost foreign reserves.

The first draft of the 2011/2012 (July 8-July 7) budget shows spending up by 22 percent from the $5.7 billion endorsed in 2010/2011.


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Comment from: ejole bishoftu [Visitor]
ejole bishoftu

Ethiopia shall prosper!This is my dream for you my Ethiopia!

06/12/11 @ 23:45
Comment from: C'moi senait [Visitor]
C'moi senait

Give me a break!

The hoddams are exporting everything that donnated to starved poor ethiopia via EThio commedity exchange and earn dollars . 70% of the export iteam is stolen from poor farmers, some of them forced to sell their spare foods and been told to go to Red cross and USAIDS! Oxfam etc to beg and collect annual free food. I am not making this but it is true and facts.
Some farmers have been forced to sell and got worthless dirty birr that has no any value so they end up in food shelters as starved farmers, the story goes that ppl. Coming from city buy all kind of iteams from poor farmers and that poor farmer thinks he can buy food and other things for his family but at the end he realize that the money he got is not enough to feed
his family..ends up in beggery.
And the city Hoddams economy comes out with his latest LIE that the weyaanes economy GDP is now above the sky 9999%

06/13/11 @ 01:35
Comment from: Mezgebu [Visitor]
5 stars
Mezgebu

ejole bishoftu,

We have heard the banal and empty propaganda of cowards from time immemorial laying flat and lazy and passive dependent wretched consumers praying with their hands raised high up in to the sky,saying, “God bless Ethiopia, Ethiopia shall prosper!” hollow sloganeering.

And yet, Ethiopia have not changed even an inch in terms of improving the olives and living conditions of ordinary 80 million wretched Ethiopians living totally insecure on the shameless international handouts while owning a very fertile and rich farmland and other abundant resources.

The high sounding infrastructure developments in terms roads, electric power line, dams, airline network capacities, etc. are only meant to serve the economic and political interests of the tyrannical tplf dictatorship and its foreign new colonialist feudal mafia criminal land and other resource grabbers. But you can still open your mouth wide and keep praying so that Manna from heaven may come to drop in there by chance. :)

06/13/11 @ 09:48
Comment from: belete [Visitor]
belete

there is nothing wrong with a government, any government for that matter, for building ethiopias stone age infrastracture that include roads and housing. i say that because despite its problems this government seems to completely focus on that and even if one opposes it, he/she should not be against its development effort.

06/13/11 @ 09:54
Comment from: musso [Visitor]
5 stars
musso

This is what i am talking about . go go go Ethiopia

06/13/11 @ 11:39
Comment from: Imperial Body Guard [Visitor]
Imperial Body Guard

$7 billion dollars funded largely by the U.S.A, Britain and Europe. The alien imposed federation calls it double digit economic growth, yet the majority of Ethiopians are being denied their human rights and land rights whilst unemployment and inflation is at a record high.

“Honesty means not to oppress anybody and deny him his deserved share. It does not mean being irresponsible or conceited and dictatorial. We, on Our part, will never cease to eliminate conceitedness, oppression, subversion and corruption in order to maintain peace and national security.” Selected Speeches of His Imperial Majesty Haile Selassie I, page 393

“Neo-colonialism today takes two forms: economic and political. We recognize that economic dominance is not only often the more difficult to eliminate, but often serves as the entering wedge for political domination. We further recognize that, given the history of our continent, and the conditions under which we came to freedom, it is not unusual that, despite our best efforts, the economic independence which we seek is long and difficult in coming. Long-established patterns of trade are not easily or quickly reoriented. Let us not delude ourselves in thinking that these facts, for such they are, are of no significance for the future of Africa. But let us, at the same time, toil with all our strength to alter them.
When we consider political neo-colonialism, our desires, although perhaps no less difficult of attainment, are at least easier of articulation. We seek to avoid a rigid and inflexible posture which prejudices our position on major issues before the world. We seek to avoid alignment, to achieve true non-alignment. Our late good friend, H.E. Prime Minister Nehru of India, put it thus: ‘The only camp we should like to be in is the camp of peace and goodwill.’” Selected Speeches of His Imperial Majesty Haile Selassie I, page 269-70

Long Live the Constitutional Monarchy!
Long Live the Charter of the United Nations!
Fire burn down the voodoo economics of the witchcraft star of secession
Rise with the Lion of Judah!
Long Live Independent Ethiopia!

06/13/11 @ 14:37
Comment from: Wonderlad [Visitor]
3 stars
Wonderlad

What the heck is this woyanes doing? Few lost Diaspora Must be disappointed.You loosers must stop woyane because they are developing the country and you cant brag on ethiopians back home.But Ethiopia now is unstopable Train.

06/13/11 @ 18:19
Comment from: bini [Visitor]
5 stars
bini

Another blow to the ignorant diaspora I bet they r sick to the stomach. Long live Ethiopia and Meles may God let the diasporians rote to death wherever they r.

06/14/11 @ 01:17
Comment from: ejole bishoftu [Visitor]
ejole bishoftu

@Mezgebu,

you are good in pointing fingers and open your mouth for complain even when good news comes from Ethiopia.Keep on crying!But I will move forward and contribute what i can leaving my ideological difference aside.

It does not make sense when a person like you who does not have any contribution at all complaining.


06/14/11 @ 04:10
Comment from: TEDDY [Visitor]
TEDDY

As said the Great Alemayehu Eshete “Be
Hilm woy Bowhune woyes be Telivision ..”
TPLF bandits naked lies have no limits.By the way ,who ’s going to pay
the bills ; I see Tyrant Zenawi and bandit friends shall state CHINA .What
a jock China never gave the proper amount without controlling the Raw Materials suplly .

06/14/11 @ 14:22
Comment from: john john [Visitor]
5 stars
john john

Good job and keep doing it.
Thats what New Ethiopia need.

06/14/11 @ 23:52
Comment from: Tulu Proud ET [Visitor]
Tulu Proud ET

First and foremost “godolo” Meles and his “godolo” families and cronies must return the $8.4 Billions they stole from the people of Ethiopia and banked in foreign banks !!! That belongs to Ethiopians!!!

There is no justification to earn that much by Meles and his cronies. How much is every EPRDF thieves salary? That must be a public information!!!!

It is disgusting and incomprehensible how Woyane dogs think.
They think they will fool us!! BUT Not so!!

$8.4 Billions stolen and stached in foreign banks just for “Godolo” Meles and his cronies while ONLY $7 Billion proposed for the whole population of Ethiopia and for ONE YEAR.

06/15/11 @ 18:09
Comment from: woldeyesus [Visitor]
5 stars
woldeyesus

History is key here. When the industrial revolution happen in England, when India starts to grow in the last couple of decades,… there is a price to pay by the general population, specially those at the floor of the economic strata.

Trying to alleviate the pains of the poor is a blessed action of any good government. I hope the Ethiopian government (whose runners now surely have first hand experience of the pains downstairs), will do all they can to help out.

However, looking at all that is going on in building the infrastructure of the country, Ethiopia is in a sure avenue of taking herself out of the list of the miserables once and for all.

God bless Ethiopia!

.

06/17/11 @ 12:51

rebtel

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