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Ethiopia sees higher spending next fiscal year due to Iran war costs
Ethiopia's government expects overall spending will rise next fiscal year mainly due to costs related to the Iran war, its finance minister said on Thursday. Minister Ahmed Shide said in a budget speech that overall spending was projected to rise to roughly 2.34 trillion birr ($14.69 billion) in the 2026/27 fiscal year that starts next month, from 1.92 trillion birr in the current fiscal year. [...]