Ethiopia Approves Historic ETB 2.3 Trillion Federal Budget for FY 2026/27
The Council of Ministers has approved Ethiopia’s Federal Government draft budget for the 2026/27 fiscal year, totaling ETB 2.339 trillion, the largest budget allocation in the nation’s history.
The record-setting budget reflects the government’s commitment to sustaining economic growth, accelerating development, expanding infrastructure, enhancing public services, and creating broader opportunities for citizens across the country.
This unprecedented fiscal framework demonstrates Ethiopia’s growing economic capacity and its determination to advance a comprehensive national development agenda. The substantial increase in budgetary allocation is expected to support strategic investments in key sectors, strengthen institutional capacity, and reinforce the foundations for long-term economic resilience.
The approval of the ETB 2.3 trillion budget represents a significant milestone in Ethiopia’s development journey and highlights the government’s confidence in the country’s future economic prospects. As the largest federal budget ever proposed, it stands as a testament to Ethiopia’s ambition to achieve sustainable growth, prosperity, and inclusive development.
The draft budget will now proceed through the constitutional legislative process for consideration and approval by the House of Peoples’ Representatives.This version is suitable for an official statement, media release, newspaper article, or diplomatic communication.
Source: PMO
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