Addis Ababa, February 3, 2026 (FMC) — Prime Minister Abiy Ahmed (PhD) told Ethiopian lawmakers today that his country has made significant progress in debt reduction, revenue mobilization, and fiscal discipline, reinforcing the success of the government’s economic reform agenda.
Addressing the 10th regular session of the Ethiopian Parliament, PM Abiy noted that at the start of the reform, Ethiopia faced a high debt burden. Since then, the government has not entered into a single new commercial loan agreement in US dollars, reflecting a strong and sustainable debt management policy.
The Prime Minister highlighted that intensive negotiations with creditors over the past two to three years have successfully restructured commercial loans, ensuring that Ethiopia remains on a proper and sustainable financial path.
In addition to debt management, PM Abiy reported that the government has achieved strong revenue performance. While the fiscal year plan targeted 1.2 trillion birr in revenue, 709 billion birr has already been collected in the first six months. On the expenditure side, the government has disbursed only 48.5 percent of the planned budget, demonstrating careful fiscal discipline and prudent allocation of resources.
“These efforts reflect our commitment to macroeconomic stability, financial responsibility, and long-term economic growth,” PM Abiy told lawmakers. “By managing debt responsibly and collecting revenues efficiently, we are creating a sustainable foundation for continued development and investment in all sectors of the economy.”
He also linked the country’s fiscal discipline to broader economic achievements, noting that strong revenue mobilization, export performance, industrial growth, and investments in technology have together positioned Ethiopia as one of Africa’s fastest-growing economies.
PM Abiy concluded by emphasizing that prudent debt and financial management remain central to sustaining Ethiopia’s development trajectory, ensuring that national resources are efficiently utilized while maintaining economic resilience amid global uncertainties.