A proclamation to amend the federal government of Ethiopia financial administration proclamation of 2010

This represents the council of ministers’ regulations on the financial administration of the federal government. It details the financial responsibilities of the ministers of finance, economic development and cooperation, heads of public bodies, and internal audits. It also addresses other administrative responsibilities, including; budget estimates preparation, submission and approval, and public investment program preparation, submission, and approval.

The Proclamation applies to all public bodies, whereas the Council of Ministers is charged with time to time issuance of the list of public bodies to be governed by this Proclamation. The proclamation sets out the responsibilities of the minister of finance and economic development, heads of public bodies, and internal audit; the collection and deposition of public money; remissions, wire-offs, fees; all issues regarding budgeting; disbursement of public funds, and management of unspent funds. These, and other provisions contained therein, is to ensure efficient administration of public finance.

A proclamation to amend the property mortgaged or pledged with banks proclamation of 1998.

This policy pushes to address tax collection issues such as tax evasion and tax fraud in the country. It seeks to encourage voluntary payment of the right amount of taxes at the right time. This is to drastically minimize costs associated with the tax collection process both on the taxpayer’s end, and to the Ethiopian Revenues and Customs Authority (ERCA) that manages tax collection and related issues.

The youth revolving fund of Ethiopia is established to serve as a permanent source of finance to be used in furtherance of the objectives of the Fund. The objectives of the fund include; assisting youth to employ their capabilities in creating job opportunities; providing financial assistance for organized income-generating activities conducted by youth; ensure the all-rounded participation and benefit of youth. The creation of the fund is in recognition of the need for direct participation of youth in the economic activities of the country.

A proclamation to provide for the public-private partnership. It focuses on ensuring the availability of legal frameworks to back efficient exploration of the partnership per the relevant article(s) of the Federal Democratic Republic of Ethiopia.

The Privatization of public enterprises proclamation highlights the following objectives: to generate revenue required for financing development activities undertaken by the Government; to change the role and participation of the Government in the economy to enable it to exert more effort on activities requiring its attention; and to promote the Country’s economic development through encouraging the expansion of the private sector.

The proclamation spells out the objectives, organization, and the powers of duties of the authority, among others.

The Rural Electrification Fund is established as a permanent financial source under a Special Bank Account to be opened by the Ministry of Finance and Economic Development. The objectives of the fund are: to provide loan and technical services for Rural Electrification Projects carried out by private operators, cooperatives and local communities, and to encourage the utilization of electricity for production and social welfare purposes in rural areas.

The proclamation to provide for the property mortgaged or pledged with banks. The proclamation addresses the issue regarding the longevity of the process of obtaining judgements for the sale of property mortgaged or pledged with banks and to subsequently have it executed.

The council of ministers regulation to provide for the re-establishment of the development bank of Ethiopia. The bank is re-established as a public enterprise, to be governed by the public enterprise proclamation of 1992, and placed under the supervision of a designated body of the federal government. The purposes of re-establishing the bank are highlighted and range from management of funds to provision of short and long term credits, and the provision of technical services.

This policy highlights the key facilitators of an effective public-private partnership. This ranges from proclamations and regulations to effective institutional bodies, with the ultimate aim of meeting the demands of the people and driving the achievement of the country’s long-term goals.

These regulations are for the amendment of the development bank of Ethiopia’s re-establishment council of ministers regulations number 83 of 2003. This amendment covers article 7 of the previous regulation which amends the authorized capital of the bank.

These regulations are under Article 5 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation of 1995 (as amended), and Article 64 of the Value Added Tax Proclamation of 2002.

The 70th directive of 2009 clearly describes the duties, responsibilities, and liabilities of importers and/or their agents.

An amendment to the Value Added Tax Proclamation 285 of the year, 2002.

A proclamation to amend the income tax proclamation number 286 of the year, 2002. This is under the relevant article of the constitution of the Federal Democratic Republic of Ethiopia