This represents the council of ministers regulations on the financial administration of the federal government. It details the financial responsibilities of the ministers of finance, economic development and cooperation, heads of public bodies, and internal audit. It also addresses other administrative responsibilities, including; budget estimates preparation, submission and approval, and public investment program preparation, submission, and approval.

The Proclamation applies to all public bodies, whereas the Council of Ministers is charged with time to time issuance of the list of public bodies to be governed by this Proclamation. The proclamation sets out the responsibilities of the minister of finance and economic development, heads of public bodies, and internal audit; the collection and deposition of public money; remissions, wire-offs, fees and charges; all issues regarding budgetting; disbursement of public funds, and management of unspent funds. These, and other provisions contained therein, is to ensure efficient administration of public finance.

The proclamation amends the stamp duty proclamation of 1998, as a matter of necessity

A proclamation to amend the federal government of Ethiopia financial administration proclamation of 2010

A proclamation to amend the property mortgaged or pledged with banks proclamation of 1998

The youth revolving fund of Ethiopia is established to serve as a permanent source of finance to be used in furtherance of the objectives of the Fund. The objectives of the fund include; to assist youth to employ their capabilities in
creating job opportunities; provide financial assistance for organized income
generating activities conducted by youth; ensure the all-rounded participation and benefit of youth. The creation of the fund is in recognition of the need for direct participation of youth in the economic activities of the country.

As a tool to drive economic development, the government of Ethiopia resolves to change the role and participation of the state in the economy, and to create an enabling environment for the expansion and thrive of the private sector players. The Privatization of public enterprises is thus proclaimed; with the objectives to generate revenue required for financing develop ment activities undertaken by the Government; to change the role and participation of the Government in the economy to enable it exert more effort on activities requiring its attention; and to promote the Country’s economic development
through encouraging the expansion of the private sector.

The Privatization and Public Enterprises Authority is established as an autonomous federal government office having its own legal personality. The authority shall be accountable to the ministry of trade and industry. This is on the back of the resolve of the government to change the participation of the state in the economy, and give private sector players more reigns to contribute to economic development. The proclamation spells out the objectives, organization, and the powers of duties of the authority, among others.

The Rural Electrification Fund is established as a permanent financial source tobe deposited under Special Bank Account to be opened by the Ministry of Finance and Economic Development. The objectives of the fund are; To provide loan and technical services for Rural Electrification Projects carried out by private operators, cooperatives and local communities, and to encourage the utilization of electricity for production and social welfare purposes in rural areas.

The proclamation to provide for the property mortgaged or pledged with banks. This is to address the issue regarding the longevity of the process of obtaining judgements for sale of property mortgaged or pledged with banks and to subsequently have it executed.

The council of ministers regulation to provide for the re-establishment of the development bank of Ethiopia. The bank is re-established as a public enterprise, to be governed by the public enterprise proclamation of 1992, and placed under the supervision of a designated body of the federal government. The purposes of re-establishing the bank are highlighted, and range from management of funds, to provision of short and long term credits, and to the provision of technical services.

This serves as an amendement to the development bank of Ethiopia re-establishment council of ministers reguation number 83 of 2003. This amendement covers article 7 of the previous regulation which amends the authorized capital of the bank.

The government of Ethiopia enacts the excise tax proclamation of 2002 on goods with inelastic demands, and goods that cause social problems in the country. This is in a bid to improve revenues and reduce the consumption of goods hazardous to the health of citizens.

A proclamation to amend the excise tax proclamation of 2002. This is in accordance with the relevant article of the constitution of the Federal Democratic Republic of Ethiopia.

The 70th directive of 2009 clearly describes the duties, responsibilities, and liabilities of importers and/or their agents.