Government-by-Government Assessments: Ethiopia
During the review period, the government made significant progress by ensuring its newly established sovereign wealth fund has a
sound legal framework and discloses its source of funding and general approach to withdrawals. While the government published its enacted budget online within a reasonable period, the executive budget proposal and end-of-year report were not published within a reasonable period. Information on debt obligations was publicly available, including aggregated major state-owned enterprise debt. Although the budget provided a substantially full picture including major sources of revenue and expenditure, it did not include allocations to and earnings from state-owned enterprises. The supreme audit institution met international standards of independence. It audited the government’s annual financial statements and published its reports within a reasonable period.
Ethiopia’s fiscal transparency would be improved by:
- Making its executive budget proposal and end-of-year report publicly available within a reasonable period; and
- Including allocations to and earnings from state-owned enterprises in the budget.