Addis Ababa, Ethiopia –
Ethiopia’s economy is poised for significant expansion, with Finance Minister Ahmed Shide announcing an ambitious 8.9% growth forecast for the 2025–2026 financial year during a recent parliamentary session.
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The government attributes the optimistic outlook to sweeping economic reforms, which are supported by a financial assistance package from the International Monetary Fund (IMF). At the same time, Ethiopia is actively restructuring its foreign debt, aiming to stabilize its macroeconomic framework.
Despite the projected growth, Shide acknowledged that the country expects a budget deficit of 2.2% of GDP. Government spending is estimated to reach 1.9 trillion birr (approximately $14 billion) in the next fiscal year.
