Ethiopia's Economy Expected to Grow By 7.5 Percent This Fiscal Year

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Ethiopia's Economy Expected to Grow By 7.5 Percent This Fiscal Year
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Ethiopia's Economy Expected to Grow By 7.5 Percent This Fiscal Year EthiopianNewsA: Ethiopia

A report was presented on the performance of the major macroeconomic indicators of six months the fiscal year.

She explained that the results obtained in the major macroeconomic indicators in the six months of the fiscal year are indicative to the attainment of the projected growth. Fitsum also stated that the agricultural sector supports the growth of the export trade, making significant contribution to the growth of the macro economy.

Fitsum added that the sector has withstood many challenges in the last six months and registered a growth of 8.2 percent.The minister pointed out that 222 billion birr of domestic revenue was obtained from tax and non-tax sources in six months, showing an increase of 28.9 percent compared to same period last year.

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