Ethiopia: Tax Reforms Boon to Govt but Bane to Businesses ...Middle East

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Ethiopia: Tax Reforms Boon to Govt but Bane to Businesses
source : allafrica ( Middle East ) () 35
[Reporter] Whoever is in charge of the Ethiopian economy will have to work under strict budgetary constraints. In most years, the budget deficit amounts to less than two percent of the GDP. Even as the economy expanded, government revenue remained relatively constant at around 10 percent of the GDP. While such difficulties are not uncommon, the effects of the war in northern Ethiopia and the coronavirus pandemic-driven global economic slowdown on government revenue over the past two years have made them rather differ

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