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Foreign Debt Service takes Priority in Record Federal Spending Bill
Repayment of foreign debt is slated to eat up close to 30 percent of the record 1.93 trillion Birr federal budget proposed to lawmakers for the 2025/26 fiscal year, according to Ahmed Shide, minister of Finance. On Tuesday, the Minister told Parliament that an estimated 463.3 billion Birr is earmarked for foreign debt service over the coming year. [...]