16 reactions · 6 comments | 🤣 Galnus. Awalba Deeyow Iyo Xasan sheekh Baa ka mii saaniyad waynaa 🤣 misaniyad puntland 466M, somaliland 400M, galmudug 46M Somalia 379M 🇸🇴 | By Ayub Abdirisak | Facebook
🤣 Galnus. Awalba Deeyow Iyo Xasan sheekh Baa ka mii saaniyad waynaa 🤣 misaniyad puntland 466M, somaliland 400M, galmudug 46M Somalia 379M 🇸🇴
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This seems to be bordering a fetish now, it's also observed in this forum about govt budgets. Govts are not measured on budgets because it's an inaccurate measurement tool and this is why.
1. Their is forecast budgets vs closed budgets. Somalis think forecast budgets are real which is all u ever see in SL or Mogadishu, it's not. Only closed budgets and receipts at the end of year is real. Anyone can forecast what he wants it's their predictions not their actual bank balance and taxation sources receipts.
2. Even if budgets grow year to year this doesn't translate to the economy growing, it can mean they just increased taxation on existing economic sources, this usually bad indicator, as no new sources or market activity increased so to fill the void they increase taxes on existing activity or sources which is very bad.
3. You can't even discuss budgets untill you know the rates being applied across the economic lifelines, they need to present this detailed into items. You can't compare budgets across regions either without knowing what rates are being applied by all regions or your reaching false conclusions. Mogadishu rates are 20 times higher then anything in PL taxation. Just because they forecast larger budgets it's primarily due to how high the tax is not that the market has changed with growth, plus I haven't checked lately but I gave up watching SL and Mogadishu budgets cause it was always predictions not end of year budget closures(that reality), maxaa iga galay some dude wish or forecasts and I've found lots of Somalis buy into it like it's some holy grail.
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