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The Ministry of Revenue has announced that more than 34.6 billion birr have been transferred to the regions from the joint revenues

Addis Ababa: The Ministry of Revenue has announced that more than 34.6 billion birr have been transferred to the states from the types of taxes designated as joint revenues of the federal and state governments.

According to the revenue distribution formula set in the 2014 fiscal year, 34 billion 692 million 318 thousand 500 Birr has been transferred to the regions, said the Minister of Revenue Ato Lake Ayalew.

The minister pointed out that the amount of Birr transferred has been increasing from time to time. Before the reform of the distribution formula, it was more than 4.1 billion Birr in the fiscal year 2012. After the formula was modified, it was more than 22.5 billion Birr in 2013 and 34.6 billion Birr in the current fiscal year. They said that more than Rs.

The information we received from the Ministry of Revenue indicates that the improvement of the distribution formula, the increase in the capacity of revenue collection and the fact that the distribution is made according to the set formula are the main reasons for the growth of the transferable income.