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The government forms a budget for the new fiscal year by taking the budget from the previous fiscal year as a base and makes only small changes to it. Top-down approach: The central financial authority (e.g. the Ministry of finance ) sets boundaries to the budget and the government completes it.
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2. Mint’s Simple Budget Template. Where to get it: Mint. Although Mint also offers more complex budgeting template options, this simple one lives up to its name. It’s perfect for beginning ...
It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by Emperor Menelik II in 1907.
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The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [26] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. [27] [28]
The Addis Ababa City Administration (Amharic: የአዲስ አበባ ከተማ አስተዳደር) is a government executive organ of Addis Ababa, the capital of Ethiopia. It is governed by mayor, and the lowest administrative unit is the woreda, led by a woreda administrator. As a federal structure the woreda administration has an elected council.