Abiy said the new forecast was raised after reviewing growth performance over the first six months of the current fiscal year, adding that it is higher than the finance ministry’s June estimate of 8.9%.
The 2025/26 fiscal year runs from July 8, 2025 to July 7, 2026 under Ethiopia’s budget calendar.
The East African country is restructuring its external debt and rolling out far‑reaching economic reforms under an International Monetary Fund loan programme aimed at restoring macroeconomic stability and supporting growth.