• Contact
  • Privacy Policy
Blacksonrise.com
DONATE
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut
No Result
View All Result
Blacksonrise.com
No Result
View All Result

Ethiopia passes supplementary budget to help absorb virus impact – SABC News

blacksonrise by blacksonrise
May 31, 2020
in Uncategorized
0
Ethiopia passes supplementary budget to help absorb virus impact – SABC News
0
SHARES
169
VIEWS
Share on FacebookShare on Twitter

Ethiopia’s parliament on Friday approved a supplementary budget worth 48.56 billion  for the financial year ending July to help the economy weather the impact from the novel coronavirus.

Authorities have put in place several measures to curb the spread of the virus including banning public gatherings, closing schools and borders which have hurt economic activity.

“The economy is being highly impacted due to corona and the government have to assist,” Finance Minister Ahmed Shide told lawmakers.

He said 30 million people in the country more than 110 million now needed humanitarian assistance as result of economic disruptions triggered by the coronavirus outbreak.

The Horn of Africa country has recorded 831 cases of COVID-19 and seven deaths.

Shide said the money in the supplementary budget will be used to provide humanitarian assistance and to buy medical supplies to help in the fight against COVID-19.

A document from Prime Minister Abiy Ahmed’s office presented to parliament showed Ethiopia’s economy is now expected to grow by 5-6% in 2019/2020 which ends July 7 from a previous forecast of 9%.

Advertisements

The supplementary budget will be funded with a mix of external and domestic loans, Ahmed said.

Credit: Source link

Previous Post

Native green plums from Arnhem Land found to have significant health benefits, commercial appeal

Next Post

Usino Bundi Projects on Halt due to Covid-19 Pandemic EMTV Online

Next Post
Usino Bundi Projects on Halt due to Covid-19 Pandemic EMTV Online

Usino Bundi Projects on Halt due to Covid-19 Pandemic EMTV Online

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

HOT Updates

No Content Available

BlackSonRise.com is an online news portal which aims to provide Caribbean News, African News, Business and much more stuff like that. Feel free to get in touch with us!

Follow us on social media:

Recent News

  • Eyewitness: Christmas Eve… | INews Guyana
  • UK stocks edge higher in muted holiday trading – SABC News
  • History repeats for NYCFC against Costa Rican debutant

Subscribe NOW

Loading
  • Contact
  • Privacy Policy

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

No Result
View All Result
  • Consultation EST
  • Herbs
  • Group Training
  • Videos
  • Spiritual Detox
  • Ecourses
  • Client Area
    • Course Login
    • Video Login
    • LogOut

© 2019 Blacksonrise.com is an online news, e-learning, and business website that caters to the global black community.

USD $
  • USD USD $
  • EUR EUR €
  • GBP GBP £