By REUTERS Ethiopia's overall spending is expected to rise slightly and economic growth to accelerate in the next fiscal year starting in July, finance minister Ahmed Shide said on Thursday. Mr Ahmed said in a budget speech to be presented to parliament that overall spending would rise to 801.65 billion birr ($14.7 billion) in the 2023/24, from 786.61 billion birr in 2022/23. Ethiopia's fiscal year runs from July 8 to July 7. The impacts of the Covid-19 pandemic, a two-year war in the northern Tigray region and droughts, floods and locust invasions in parts of the country are still being felt by the economy, which also experienced foreign-currency shortages.

https://www.theeastafrican.co.ke/tea/business/ethiopians-banking-on-spending-and-growth-4265246

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