Socio economic improvements are pivotal, sensitizes President Sahle-work

The government underlines that socio economic improvements will be realized as huge expectations are set for the current budget year.

During the opening session in parliament on Monday October 10, President Sahle-work Zewde on her opening remark highlighted the priorities that the government will undertake in the budget year which began in July.

Most of the areas that she keenly touched upon were in relation to social and economic developments that will be carried out during the course of the year. The President pointed out that despite having challenges such as natural disaster, conflict, effect of COVID 19, the previous year’s economy was strong, as it recorded positive growth. She pinned the increment of export earnings, good initiatives in agriculture, achievements on mega projects and FDI as positive achievement for the year. According to the President, despite attainment of several economic successes, the previous year’s inflation still presented macroeconomic challenges, “The government has emplaced several economic measures to contain the inflation from further engulfment.” She emphasized that the government must work to overcome the inflation that is highly affecting low income citizens. Sahle-work said that for the year, the government will give priority to peaceful resolutions in the northern conflict, improve good governance, support the initiative for national dialogue and strengthen the diplomatic sphere.

Regarding the economic sector the government will strongly work on the initiative to develop tourist destinations and improve the sector, the President sensitized. Improving the tax revenue and effective resource utilization, accomplishing ongoing projects as per schedule, and expanding the public private partnership have been stated as a priority for the year. Containing the inflation, accelerating agricultural initiatives have also been outlined as key areas that government will put much needed attention on.