EthiopiaEthiopia Projects 10.1% Growth
The Ethiopian president has announced a projected 10.1% economic growth for the current fiscal year, with export earnings reaching a record $11.2 billion. The government also targets a 9.62% tax-to-GDP ratio.
Global Newsflix 1 min read
The Ethiopian president has projected a 10.1% economic growth for the current fiscal year.
Export earnings have surged to a record $11.2 billion, driven by currency reforms.
The government aims to increase school-feeding coverage by 70% and achieve a 9.62% tax-to-GDP ratio.
Key facts
- 10.1% economic growth projected for the current fiscal year
- Record $11.2 billion in export earnings
- 9.62% tax-to-GDP ratio targeted
- 70% expansion of school-feeding coverage
Three perspectives
Neutral
The government's economic projections and reforms will be closely watched. The president's eight-point strategic roadmap for 2019 E.C. will be implemented. Citizen-centered development is a priority for the current fiscal year.
Positive
The record export earnings and projected economic growth are positive signs for the country's economy. The government's focus on citizen-centered development and increasing school-feeding coverage is also commendable.
Negative
The government's ability to achieve its economic projections and implement reforms will be challenging. The tax-to-GDP ratio target may be difficult to reach, and the expansion of school-feeding coverage will require significant resources.
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