Summary Of Ethiopia 2022/2023 Second Quarter Revenue By Component

This article showcases the total revenue and grants, as well as the total domestic revenue, for the fiscal years 2021/22 and 2022/23. While total revenue and grants encompass both domestic revenue and external grants, the focus on domestic revenue allows us to evaluate Ethiopia's self-sufficiency in funding public expenditures and developmental initiatives.

The values for total domestic revenue mirror those of the total revenue and grants category. In the first quarter of 2021/22, the total domestic revenue was 106,282.90 million Birr. The budget allocation for the 2022/23 fiscal year is slightly lower at 438,851.30 million Birr. The figures for the first and second quarters of 2022/23 match those of the total revenue and grants category, with 97,886.40 million Birr and 110,459.40 million Birr, respectively.

In terms of personal income taxes, there was a decrease from 6,479.00 million Birr in the second quarter of 2021/22 to 5,938.80 million Birr in the first quarter of 2022/23. The budget allocation for 2022/23 is set at 26,328.30 million Birr. Similarly, business income taxes decreased from 37,177.40 million Birr in the second quarter of 2021/22 to 18,894.40 million Birr in the first quarter of 2022/23, with a budget allocation of 78,581 million Birr for 2022/23.

Combining personal and business income taxes, the total income taxes showed a downward trend, decreasing from 43,656.40 million Birr in the second quarter of 2021/22 to 24,833.20 million Birr in the first quarter of 2022/23. However, the budget allocation for 2022/23 increased significantly to 104,909.30 million Birr.

In contrast, other taxes, including various types not specified in the table, decreased from 3,490.80 million Birr in the second quarter of 2021/22 to 4,111.40 million Birr in the first quarter of 2022/23. The budget allocation for 2022/23 is 19,865.90 million Birr.

In terms of domestic taxes, there was a slight decrease from 19,268.10 million Birr in the second quarter of 2021/22 to 17,539.40 million Birr in the first quarter of 2022/23. The budget allocation for 2022/23 is significant at 103,363.9 million Birr, with 22,455.3 million Birr generated in the first quarter.

Foreign trade taxes and import taxes both experienced growth. Foreign trade taxes increased from 31,794.00 million Birr in the second quarter of 2021/22 to 39,914.2 million Birr in the first quarter of 2022/23. Similarly, import taxes rose from 31,794.00 million Birr to 39,922.1 million Birr during the same periods. The budget allocation for both categories in 2022/23 is set at 172,104.9 million Birr.

Indirect tax revenue also showed an upward trend, increasing from 51,062.00 million Birr in the second quarter of 2021/22 to 62,369.5 million Birr in the first quarter of 2022/23. The budget allocation for 2022/23 is 275,468.8 million Birr.

Non-tax revenue, which includes various sources other than taxes, showed a steady increase from 8,073.70 million Birr in the second quarter of 2021/22 to 6,572.40 million Birr in the first quarter of 2022/23. The budget allocation for non-tax revenue in 2022/23 is set at 38,607.4 million Birr.

Null data is provided for privatization, indicating the absence of recorded values or information for this category during the mentioned periods.

Regarding grants and relief funds, no data is available for grants and relief funds in the first quarter of 2022/23.

In terms of tax revenue, both direct and indirect tax revenues displayed positive trends. Direct tax revenue increased from 47,147.2 million Birr in the second quarter of 2021/22 to 44,450.1 million Birr in the first quarter of 2022/23, with a significant budget allocation of 124,775.1 million Birr for 2022/23. Similarly, indirect tax revenue grew from 51,062 million Birr to 60,772.1 million Birr during the same periods, with a budget allocation of 275,468.8 million Birr for 2022/23.

Total tax revenue, which combines direct and indirect tax revenues, showed an overall positive trend, increasing from 98,209.2 million Birr in the second quarter of 2021/22 to 105,222.2 million Birr in the first quarter of 2022/23. The budget allocation for 2022/23 is set at 400,243.9 million Birr.

Non-tax revenue, representing revenue from sources other than taxes, experienced fluctuations but remained relatively stable. The total non-tax revenue for the first quarter of 2022/23 was 5,237.3 million Birr, with a budget allocation of 38,607.4 million Birr for the fiscal year.

Source: Ministry of Finance