The Ethiopian parliament has approved the federal government’s budget for the 2026/27 fiscal year, allocating a total of 2.34 trillion birr.
The House of Peoples' Representatives ratified the spending plan on Tuesday, formalizing the nation’s fiscal priorities for the upcoming period.
The budget ratification arrives at a critical juncture for Ethiopia’s macroeconomic management.
The government is simultaneously navigating complex debt restructuring negotiations and leveraging strong performance in key export sectors.
Recent data indicates that Ethiopia has surpassed its $3 billion revenue target from coffee exports for the current fiscal year, providing a vital source of foreign currency for the world’s second-largest coffee producer.
This fiscal approval follows significant progress in the country’s external debt management.