You are currently viewing “The economy is expected to grow by 8% in 2016,” said Mr. Hayilu Addunya, Head of OCB

“The economy is expected to grow by 8% in 2016,” said Mr. Hayilu Addunya, Head of OCB

The Bureau of Communications has issued a statement on the 2016 plans of the Region. The statement said the state government is making extensive efforts to formulate strategies and plans for development, security and democracy building to ensure rapid and sustainable socio-economic development.
The region’s economy grew by 7.7% in 2015 and is expected to grow by 8% in To achieve this, work will be done on improving and digitizing public services, strengthening the Gada Special Economic Zone and putting industrial parks into full operation, he said.
The focus of the budget year will be on reducing inflation by increasing production, narrowing the gap between demand and supply and strengthening market control. A total of Qr 125 billion worth of civic service activities will be carried out, he said, adding that work will be done to increase the membership of Buusa Gonofaa to 17.46 million and collect Qr 3.0 billion in membership contributions.
In terms of rural development, work will be done to ensure food security, increase exports, prevent imports and create job opportunities. Mil. 8.2 crops of various types. 265.33 million will be produced. Of this, irrigated wheat is 100 hectares. mil 2.5 drilling kunt. 100.67 million, rice on hec. 1 million plowing 44.2 million quintals of production and Coffee 100 hectares of land. mil from 1.5 million tonnes of production. mil. 11 crore, he said.
Tractor supply to increase agricultural mechanization from 6,178 to 7,350 in 2011-2015; 45,106 water pumps will be provided in 2012-2015 and work will be done to increase the number to 76,0 It is also planned to control illegal activities in the mining area, conduct deposit surveys and recover $507,125,587 from the mines using technology.
Related to urban development, work will be done to ensure food security, encourage entrepreneurship, develop skills and expand e-governance services. Of these, 50% are women.
During the plan period, work will be done to spread modernity and build a competitive generation to achieve the goals set in the field of social development by improving the quality of education and health services, he said.
The state government is working hard to increase the revenue of the state to meet the development needs of the people of the state, he said. Overall, the tasks planned for the planning period will be achieved with speed, quality and quantity.
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