[ad_1]
He was speaking in Parliament after filing the 346.9 billion Ethiopian Birr (12.8 billion) 2018 The Reform Prime Minister said that state-owned enterprises were heavily indebted and that they had " put the economy in jeopardy.
Companies have not been able to quickly implement their projects.
"We are only good at starting projects, but we are not finishing as planned," he said.
The government will not initiate any new projects in the next fiscal year beginning July 8.
"Starting a new project in such circumstances will be detrimental to the economy," he said.
Since taking office in April, Dr Abiy has introduced reforms such as the liberalization of state-owned enterprises and the reduction of the military's role in the economy.
He said the government needed to be more efficient and be cautious about spending.
[ad_2]
Source link
