You guys dreaming about us or what, yes Puntland recieve direct aid without going via xamar now, thanks to Deni effort.
2023 FGS Budget Review
- Thread starter Hilmaam
- Start date
Puntland was since ICU era, so dont worry.
Somalia: AU forces hand over security of State House and parliament to Govt troops
Somalia: AU forces hand over security of State House and parliament to Govt troopsgaroweonline.com
Somalia: AU forces hand over security of State House and parliament to Govt troops
Somalia: AU forces hand over security of State House and parliament to Govt troops
I find it hilarious that you read what I wrote and came away with this. Slave mindset.
A budget of corruption and lies. Was this audited other than the Auditor General of Somalia's office, which I am sure is stacked with personal friends of HSM and is not an independent office? I don't even see expansion of line by line items. Can they produce receipts for example of the equipment they purchased? What equipment was purchased?
The priorities are all wrong. They are paying 1.6x more for consulting services than for social benefits. They know what the stunting and wasting rates are in Somalia, they don't care. 83% of all tax & nontax revenue collected by the FGS is going to salaries. Capex is 0.9% of spending.
I have no words. The federal government is a failure.
Governments across Somalia are way too bloated. Dozens of random cabinet ministers, hundreds of deputies, and no progress, all for the simple reason of making sure qabiils feel represented. They’re more interested in looking like a government than actually being one.
The aim is to feed as many bellies as possible
When you become an important figure in politics
your Family and even extended family are waiting on jobs from you
in Somalia a deputy minister has their own deputy
Qoslaya advisor his own daughter!.
These two reports on the 2024 budget give great insight into the FGS priorities.
This one from a somali auditor organisation breaks down what the government intends to spend money on.
Key take away;
$340M in domestic revenue. But 35% spent on administrative costs. Also, this seems to be increasing each year "wage increases for parliamentarians". Probably where the curuption is.
As has already been pointed out almost no investment in capx
About $200M defence budget and they can't control the road to Jowhar
This report below reviews the actual Q1 revenue and expenditure for both the FGS and FMS.
Key take aways:
Dam the FMS are broke.
The ministry of finance still operates using paper systems. Inefficient and prone to corruption.
They're not consistent in their taxation of corporation, property or anything, how are people supposed to take you seriously.
All in all congrats to the MoF for their progress in revenue mobilisation but still a lot of work to do.
This one from a somali auditor organisation breaks down what the government intends to spend money on.
Key take away;
$340M in domestic revenue. But 35% spent on administrative costs. Also, this seems to be increasing each year "wage increases for parliamentarians". Probably where the curuption is.
As has already been pointed out almost no investment in capx
About $200M defence budget and they can't control the road to Jowhar
This report below reviews the actual Q1 revenue and expenditure for both the FGS and FMS.
Key take aways:
Dam the FMS are broke.
The ministry of finance still operates using paper systems. Inefficient and prone to corruption.
They're not consistent in their taxation of corporation, property or anything, how are people supposed to take you seriously.
All in all congrats to the MoF for their progress in revenue mobilisation but still a lot of work to do.
Total capex Puntland Q1 2024: $4.8 million
Total capex Federal government, Galmudug, Hiirshabelle, & Koonfur Galbeed Q1 2024: $2 million
So the 2nd half 2024 budget review is out.
Interesting that money sent to FMS is up significantly
Also domestic revenue is up 35%,great work.
But there's still low hanging fruit especially regarding standardised import control at Mogadishu port.
And so many large business exempt from taxation
Interesting that money sent to FMS is up significantly
Also domestic revenue is up 35%,great work.
But there's still low hanging fruit especially regarding standardised import control at Mogadishu port.
And so many large business exempt from taxation
This passage should make every Somali afraid:
Xasan Culusow is planning on borrowing to cover recurring expenditures. That is
disastrous. It is why so many African countries have gone bankrupt again and again. They want to borrow hundreds of millions each year going forward, at a time when domestic revenue is barely 1/3 of the budget. Insane people. Look at their plans for 2025 onwards. Full replacement of aid by borrowing!
What was the point of debt relief?
it was already known grants and aid would be slowly reduced, fgs doesnt collect much revenue outside xamar so i dont see what other option they have. as more revenue is generated they can hopefully pay back the money if they play it smart
IKHALIIL
Suldhaanka
I think the government is banking on a successful oil exploration and then production to fill the gaps
Hilmaam
VIP
Somalia and the United States Sign $68.5 Million Development Assistance Agreement to Strengthen Long-Term Partnership | Press Release | Somalia | U.S. Agency for International Development
The Federal Government of Somalia signed a landmark $68.5 million Development Assistance Grant Agreement with the United States today in a ceremony held in Mogadishu.
They’re not going to steal that much kkk I reckon majority of the money will be put into areas but it’s not going towards schools unfortunately
I look forward to seeing the breakdown. How do they fund the 300m increase.
Interested in the revenue/Grant/loan split
Trending
-
BREAKING NEWS Saudi ex-Muslim Terror attack in Germany kills 12 people during Christmas Festival- Started by TekNiKo
- Replies: 88
-
-
Men line up for a sexual encounter with white OF wh*res (Majority Blacks)- Started by Arkan
- Replies: 82
