The Ethiopian Council of Ministers has officially approved a historic 2.33 trillion birr draft budget for the upcoming 2019 Fiscal Year (2026/2027) and referred it to the House of People’s Representatives for final ratification. The landmark fiscal bill was endorsed with a unanimous vote during the council’s 56th regular session held on June 9, 2026 (Sene 2, 2018 Ethiopian Calendar).
This newly approved budget of exactly 2,339,268,126,738 birr marks a major financial expansion to support the country’s evolving economic needs. For comparison, the federal government had allocated 1.93 trillion birr for the concluding 2018 fiscal year. The current adjustment represents a substantial push toward addressing escalating national development demands and managing domestic expenditure requirements.
According to an official statement released by the Office of the Prime Minister, the record-breaking funds are strategically earmarked for vital national portfolios. The total allocation is divided to finance regular government administrative running expenses, essential capital expenditures, financial subsidies to regional states, and the implementation of Sustainable Development Goals (SDGs) across the country.
The Prime Minister’s Office further clarified that the structural framework of the 2019 budget plan was developed based on practical performance assessments from the 2018 program budget. It fundamentally aligns with Ethiopia’s broader social and economic transformation directives, alongside the specific expenditure needs submitted by various executive public institutions.
In tandem with the budget approval, the Council of Ministers thoroughly reviewed the nation’s medium-term macroeconomic and fiscal framework spanning from 2019 to 2023 E.C. The council noted that ongoing home-grown macroeconomic reforms are successfully strengthening the country’s economic foundations, staging this new budget to sustain and accelerate that growth momentum.