2023 FGS Budget Review

[Hilmaam]

Current somalia debt at the end of 2024. face value=original loan. Interest arears is interests added onto loan. Other fees . Total Debt stock is original loan plus interest plus other fees. 1.52 billion is currently owed by somalia. most of 4.5 billion debt forgiven was by america and russia. looks like arabs want their money plus crazy interest

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Meant to post this while back. Looks like the 266 million was also cancelled.


this was supposedly for the kismayo sugar plant

Project 3 Jubba Sugar project 192 miillion USD. Not sure on funding breakdown but arab states were involved
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[TheLand]

Meant to post this while back. Looks like the 266 million was also cancelled.


this was supposedly for the kismayo sugar plant


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That’s probably a half billion dollar project in todays dollars assuming 3% average rate of inflation

 

[Thegoodshepherd]

Meant to post this while back. Looks like the 266 million was also cancelled.

this was supposedly for the kismayo sugar plant

 

[BDF-3299]

I wonder if there's a way to rename this thread. Annual budget review,MoF or anything not 2023.

It's definitely a useful thread.

 

[Hilmaam]

 

[TheLand]

Who ever is the next president, if there is even one, will have the most difficult Somali presidency ever. Somalis better think very long and hard and choose wisely.

 

[Hilmaam]

Who ever is the next president, if there is even one, will have the most difficult Somali presidency ever. Somalis better think very long and hard and choose wisely.

That aid money was distributed to whole country. Schools ,idp camps ,trainings ,imports(foods medicines ).some painful times ahead for Somalia. Someone needs to fire majority of the workers which unfortunate because barely any jobs in Somalia to start with . The withdrawal symptoms gonna be bad 1.5 billion is devastating to lose in 1 year I wish they gave breakdown on impacted uses

 

[TheLand]

That aid money was distributed to whole country. Schools ,idp camps ,trainings ,imports(foods medicines ).some painful times ahead for Somalia. Someone needs to fire majority of the workers which unfortunate because barely any jobs in Somalia to start with . The withdrawal symptoms gonna be bad 1.5 billion is devastating to lose in 1 year I wish they gave breakdown on impacted uses

Now imagine the leader who has to keep all those people happy. It will be a very very weak gov, much weaker than now.

 

[FBIsomalia]

Imagine Puntland doesnt take penny, no wonder HAG use to take most of it.

 

[FBIsomalia]

That aid money was distributed to whole country. Schools ,idp camps ,trainings ,imports(foods medicines ).some painful times ahead for Somalia. Someone needs to fire majority of the workers which unfortunate because barely any jobs in Somalia to start with . The withdrawal symptoms gonna be bad 1.5 billion is devastating to lose in 1 year I wish they gave breakdown on impacted uses

Puntland didnt recieve penny from it.

 

[Hilmaam]

Now imagine the leader who has to keep all those people happy. It will be a very very weak gov, much weaker than now.

Every state gets aid somaliland puntland evevryone gonnna feel pain

Here is puntland expected budget. The way I read it 145 million is budget for year. 113M fixed costs. 32M is projects. The 230M off budget is NGOs, UN, and budget support for local cities its marked as off budget so guessing it doesn't go through ministry of finance. Which makes sense as somalia gets huge money from UN and NGOs which isnt tracked anywhere else for other FMS and FGS

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[Hilmaam]

Kenya impacted almost half a billion budget shortfall so far. affecting the health, education, and food security sectors.

 

[TheLand]

Kenya impacted almost half a billion budget shortfall so far. affecting the health, education, and food security sectors.

Wonderful. Let’s hope it increases.

 

[IKHALIIL]

 

[TheLand]

 

[IKHALIIL]

 

[TheLand]