The Ministry of Revenue of Ethiopia (MoR) revealed that some 380 billion Birr has been collected over the last five months of the current fiscal year.
Explaining Ethiopia’s steadily growing revenue performance trend during the reform period, Revenue Minister Aynalem Nigussie stated that maximizing domestic income has been a major priority to facilitate development plans.
Recall that the government designed a new revenue strategy and took concrete measures to reform tax policy and improve tax administration, to enhance and strengthen revenue collection efforts.
Enhancing domestic revenue performance aligns with the improvement of infrastructures and overall development aspirations of the Ethiopian people, Minister Aynalem stated.
The minister noted that the revenue collection process has undergone numerous fundamental reforms in recent years.
These reforms have been leading to enhanced capacity for revenue generation, she pointed out.
Aynalem indicated that policies and legal frameworks have been improved while technological innovations have been leveraged to enhance service delivery.
She further emphasized that these enhancements have resulted in substantial improvements in the overall revenue collection process.
Reflecting the previous revenue performance trend, Aynalem recalled that federal revenue in the 2017/18 fiscal year was just 176 billion Birr.
However, she revealed that recently, the capacity for revenue collection has been showing remarkable progress as a result of the reform made in this sphere.
As a result, the minister said some 380 billion Birr has been collected over the last five months alone, illustrating the effectiveness of recent reforms and strategies.
She also elaborated that the revenue collection efforts are focused on bolstering the country’s economic reform measures and ensuring a sustainable financial foundation.
Source: FBC
