The Costs of Abiy's War on Tigray: Government Expenditure shot by 80% in 1 quarter; Foreign reserves nosedived by 64%
Posted: 29 Apr 2022, 08:25
Per data from the national bank, exponential increase is recorded on recurrent expenditure after the #Tigray war started. (very likely due to payment for Eritrean soldiers and purchase of weapons)
And the money comes from reserve, money printing, and extreme taxation.
Government Expenditure shot by 80% in 1 quarter at the start of the war to finance the cost of war including paying Eritrean soldiers and military costs
64% Nosedive of Foreign reserves from 2.75 months when Abiy came to power in 2018 to 1 month in 2022
PM Abiy is not capable of running Ethiopian economy. All he does is ruining the economy.
https://www.facebook.com/alulasolomonk/ ... 7138526549
And the money comes from reserve, money printing, and extreme taxation.
Government Expenditure shot by 80% in 1 quarter at the start of the war to finance the cost of war including paying Eritrean soldiers and military costs
64% Nosedive of Foreign reserves from 2.75 months when Abiy came to power in 2018 to 1 month in 2022
PM Abiy is not capable of running Ethiopian economy. All he does is ruining the economy.
https://www.facebook.com/alulasolomonk/ ... 7138526549