The Speaker of the House of Federation, Agegnehu Teshager, announced that 71.33 billion birr was transferred to regional states during the first seven months of the 2018 Ethiopian fiscal year.
This allocation was executed in accordance with the established shared revenue administration and transfer formula.
The Speaker made these remarks during a consultative forum organized by the Subsidy Budget and Shared Revenues Standing Committee of the House of Federation.
The gathering focused on a financial audit report regarding the administration, collection, and transfer of shared revenues involving federal and regional stakeholders. (ENA)
