20/03/2025
ወይ ጉድ!!
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: New bill tabled to legislators proposes salary deductions from gov’t, private employees for disaster relief funding
A draft proclamation requiring “monthly salary deductions” from government and private sector employees to fund disaster relief has been presented to lawmakers. Introduced on 18 March 2025, the bill seeks to establish the Ethiopian Disaster Risk Management Commission as an independent federal body, with provisions mandating financial contributions from various sectors. The Ethiopian Disaster Risk Response Fund, according to the bill, will be used for “disaster risk reduction, response, and rehabilitation efforts” across different phases of disaster management.
The legislation also requires contributions from banks, microfinance institutions, digital banking providers, and insurance companies through “service charges such as loan fees, digital banking service fees, premium payments, and dividends.” Additional revenue sources include “airline ticket sales, telecom services, fuel suppliers, passport and visa services, and business permit fees.” Entities failing to comply will face penalties, including the principal amount, a “10% surcharge,” and accrued bank interest. After a brief discussion, lawmakers referred the bill to the House’s Standing Committee on Foreign Relations and Peace Affairs for further review.
New bill tabled to legislators proposes salary deductions from gov’t, private employees for disaster relief funding Addis Standard News -