MoR Collects 374 Billion Birr Revenue

Addis Ababa, May 2/2024 (ENA) Ministry of Revenues (MoR) disclosed that it has raised 374 billion Birr over the past nine months. 

Revenues Minister Aynalem Nigussie told the House of People's Representatives Plan, Budget and Finance Standing Committee that the ministry collected 374 billion Birr of the planned 391 billion Birr in the past nine months of the Ethiopian fiscal year. 

In her performance report, the minister said the performance over the stated period is 95 percent of the target and shows increment of 43 billion Birr compared to same period of last year.  

According to her, out of the total 374 billion Birr collected in the period 235.19 billion Birr revenue was from domestic sources and 139 billion Birr from foreign trade.

Contraband goods and illegal foreign currencies valued about 11.81 billion Birr were also seized along with 745 perpetrators over the past nine months.  

Plan, Budget and Finance Standing Committee Chairperson, Desalegne Wodaje stressed the need to further bolster capacity to prevent and control contraband.