Search results
Results from the WOW.Com Content Network
It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by Emperor Menelik II in 1907.
[17] Over 20% of all tax revenue in Ethiopia is derived from business profit tax, and 62% of all direct taxes consist of business taxation. [12] Tax burden in Ethiopia has been shown to fall unequally among firm sizes; a study from 2019 found that "small firms face the highest tax burden, the largest firms still pay more than middle‐sized ...
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [26] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. [27] [28]
The government of Ethiopia (Amharic: የኢትዮጵያ መንግሥት, romanized: Ye-Ītyōṗṗyā mängəst) is the federal government of Ethiopia. It is structured in a framework of a federal parliamentary republic, whereby the prime minister is the head of government. Executive power is exercised by the government.
However, according to data from the Ethiopian government's Central Statistical Authority, during the 1960–61 to 1973–74 period the economy achieved sustained economic growth. [1] Between 1960 and 1970, for example, Ethiopia enjoyed an annual 4.4 percent average growth rate in per capita gross domestic product (GDP). [1]
The Ethiopian Investment Commission (EIC) was established in 1992 to foster private investment sector in Ethiopia. [2] EIC is responsible for offering one-stop services to investors, issuing investment permits, registering technology transfer agreements and facilitating the acquisition of land, utilities and other service for investor.
Ethiopia today has nine semi-autonomous Regions of Ethiopia that have the power to raise and spend their own revenues. In 2004, the government began a resettlement initiative to move more than two million people away from the arid highlands of the east, proposing that these resettlements would reduce food shortages. [4]
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]