Addis Ababa City Council Approves Record 350.13 Billion Birr Budget

Addis Ababa, July 12, 2025 (ENA)—The Addis Ababa City Council has approved a historic 350.13-billion Birr budget for the 2018 Ethiopian fiscal year — the largest in the city's history.

The approval took place during its 4th regular meeting of the 4th year of operation.

 Deputy Mayor and Head of the Finance Bureau, Abdulkadir Redwan, has presented a detailed draft budget to the City Council, revealing a substantial increase of 108 billion birr, approximately 45 percent, compared to the previous Ethiopian fiscal year.

 The proposed budget allocates 91.8 billion Birr for recurrent expenditures, while 246.3 billion birr is earmarked for capital projects and 12 billion Birr for a reserve fund.

 According to the Deputy Mayor, the significant boost in the capital budget underscores the administration's dedication to people-centered development, which includes key initiatives such as housing construction, corridor development, and other high-impact urban projects.

 Abdulkadir also stated that the budget was meticulously crafted, taking into account the city's development vision, ongoing initiatives, and emerging needs.

 The budget prioritizes good governance, the continuation of development activities launched in recent years, the modernization of corridor project service delivery, and the expansion of housing development.

 To finance the 2018 budget, the administration plans to generate over 238 billion Birr from taxes, more than 56 billion Birr from municipal revenues, over 46 billion Birr from non-tax revenues, 1.8 billion Birr from the road fund, and 6.98 billion Birr from foreign loans and grants.