Addis Ababa has outlined its economic and social ambitions for the next fiscal year. The country intends to accelerate the structural transformation of its economy, improve access to essential services, and attract more than 1.6 million international tourists.
Ethiopia intends to maintain strong growth momentum. President Taye Atske-Selassie announced on Tuesday that the country aims to achieve an economic growth rate of 10.1% during the 2026–2027 fiscal year.
Addressing both Houses of Parliament in a joint session, the Head of State reaffirmed the authorities’ determination to consolidate the country’s economic performance and promote sustainable growth.
To achieve this objective, the government plans to strengthen domestic revenue mobilization, broaden the tax base, and improve public debt management. These fiscal and budgetary measures are intended to strengthen state resources and support economic development.
Beyond growth, the Ethiopian authorities intend to prioritize structural transformations in the main economic sectors. Emphasis will be placed on quality, efficiency, and improving the performance of services and infrastructure.
With this in mind, the government aims to increase national electricity coverage to 65%. Improving access to drinking water is also among the announced priorities.
The health sector is also expected to benefit from these efforts, with a health insurance coverage target of 85%. At the same time, the authorities plan to increase the country’s forest coverage to 26%, as part of their environmental ambitions.
These objectives reflect the government’s stated determination to ensure that economic performance is accompanied by improvements in the population’s living conditions.
Ethiopia is also counting on tourism to support its economic activity and strengthen its international appeal.
According to the President’s announcements, initiatives aimed at boosting the sector will be implemented to attract more than 1.6 million international tourists during the 2026–2027 fiscal year.
This target is part of a strategy to promote the country’s historical, cultural, and natural assets, as it seeks to increase its visibility among foreign visitors.
Through fiscal consolidation, infrastructure development, improved social services, and tourism promotion, Ethiopia thus intends to continue its economic transformation. Achieving these ambitions will depend in particular on the effective implementation of the announced reforms and their ability to deliver tangible results for the population.
