0
The Budget total sees a 91% increase from the 2013 Budget of $114.3 million to a total of $218 million for 2014-2015.
The government is taking decisions that will enable and support Somali people to educate their children and care for their families through increased spending on education and health. The Budget begins the job of rebuilding our economy – laying the foundations for sustainable long-term economic growth and job creation throughout Somalia.
Only 11 months ago the government used to raise a mere $2.2 million in tax income per month, the total raised through local taxes is projected to increase to $130m in this year’s Budget. The remaining $88m comes through donor projects on health, education, infrastructure and economic development.
This Budget also sets out a comprehensive fiscal system, ensuring everyone contribute fairly to society and a critical step towards eventual economic independence.
The Prime Minister, said: "The Budget for 2014 sees a significant increase in the total budget. All of Somalia will benefit from increased government spending on security, justice, education and health.
"The Government of Somalia is committed to the continuing reform of our financial institutions and tax systems to increase the income of the state. It is crucial that the government can raise its own revenue to be able to continue to improve security and roll out improved social services across Somalia. Up until now the state’s revenue has relied almost solely on customs collection from Mogadishu airport and port, we must broaden and in many cases introduce new taxes on sectors of our economy. The Ministry of Finance has proposed a number of reforms to our tax system to ensure businesses contribute their fair share to society and the rebuilding of our country.
"The target for the next year is to raise enough revenue to vastly improve the capacity of the government to deliver for its own people and eventually become self-sufficient. The future prosperity of Somalia is directly linked to peace and stability and we must continue to work to create an environment which is attractive to investors and businesses which will benefit all Somali people.”
ENDS
Garad Salad Hersi
Senior Press Officer
Prime Minister’s Media Office
Mogadishu, Somalia
Laila Elmi Becomes First Muslim Woman To Be Elected To Swden's Parliament Full Article
Omer Sworn In As Ethiopia's Somali State President As Parliament Revokes Ex Leader Abdi Iley's Immunity From Prosecution Full Article
A Former State Minister Of Finance Warns Government Against Printing New Currency Full Article
As Philip Hammond and Theresa May were torn into by the Labour party over the National Insurance U-turn - though not, in some people's opinion, by Jeremy Corbyn - Boris Johnson rode an armoured vehicle in Mogadishu. Full Article
Waagacusub.net - Abdikarim Hussein Guled who is ousted by the vast majority of the regional parliament in Galmudug is using faulty methods to satay illegally in the leadership by using corruption, harassment the influence of his friend, the former president of Somali federal government Hasan sheikh Mohamud. Full Article
ADADO, Somalia- The President of Somalia's Galmudug state, Abdikarim Husain Guled has lost no-confidence vote at the state Parliament on Tuesday, after MPs criticized him of poor leadership, Garowe Online reports. Full Article
United Nations Secretary-General Ban Ki-moon has welcomed the inauguration of the new Federal Parliament of Somalia on 27 December and warmly congratulated the people of Somalia on this historic achievement in their quest for universal suffrage by 2020. Full Article
The international community has warned Somalia's new parliament against corruption practices, emphasising the need for the embattled nation to "move forward" as new MPs are set to select the next President. Full Article
The process of registering candidates for the 275 seats of the House of the People is underway, and individuals with documented histories of criminality and violence should not be chosen by electoral colleges to represent their clans and sub-clans in the lower house of Parliament. Full Article
Waagacusub.net - Some of the Khat entrepreneurs in Mogadishu unveiled extortions, bribery and other acts of indiscipline being conducted by the deputy finance minister Abdullahi Mohamed Nur, Waagacusub Media reports. Full Article
Somalia's government on Sunday accused Ethiopia of smuggling arms into the country for the fourth time this year, further alleging its involvement in supporting regional officials, subject to court warrants and actively pursued, in efforts to destabilize the nation.
Somalia's President Hassan Sheikh Mohamud and Jubaland leader Ahmed Madobe, previously allies in the nation's political landscape, now find themselves on the brink of war after a divisive National Consultative Council meeting revealed profound rifts, prompting both sides to mobilize for a possible showdown.
In July 2009, Mahad Ibrahim Hamarow kidnapped French officers Denis Allex and another officer who escaped from the Sahafi Hotel in Mogadishu and then joined Al Shabaab. In the same year, he fled to Kenya, this was confirmed by Hizbul Islam Spokesman Mr Aydarus. - In 2010, Mahad Hamarow went to South Africa for migration, that's how we found out in the investigation, we were also told by Mohamed Isse and his brother Somaney who lives in Johannesburg South Africa.
President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government.
Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account.
Waagacusub.net- Somalia's army and Jubaland forces are teetering on the edge of conflict, as the military buildup intensifies daily and tensions show no signs of de-escalating, Caasimada Online news website reported on Monday. Full Article
Somalia's government on Sunday accused Ethiopia of smuggling arms into the country for the fourth time this year, further alleging its involvement in supporting regional officials, subject to court warrants and actively pursued, in efforts to destabilize the nation. Full Article
Somalia's President Hassan Sheikh Mohamud and Jubaland leader Ahmed Madobe, previously allies in the nation's political landscape, now find themselves on the brink of war after a divisive National Consultative Council meeting revealed profound rifts, prompting both sides to mobilize for a possible showdown. Full Article
In July 2009, Mahad Ibrahim Hamarow kidnapped French officers Denis Allex and another officer who escaped from the Sahafi Hotel in Mogadishu and then joined Al Shabaab. In the same year, he fled to Kenya, this was confirmed by Hizbul Islam Spokesman Mr Aydarus. - In 2010, Mahad Hamarow went to South Africa for migration, that's how we found out in the investigation, we were also told by Mohamed Isse and his brother Somaney who lives in Johannesburg South Africa. Full Article
Galmudug State is not just the geographic heart of Somalia but the quintessential soul of the Somali nation. Within Galmudug, all the major Somali clan lineages- the Hawiye, Dir, Darood and Madhibaan are represented. No other Somali region or state is home to such diverse and influential clans with such extensive historical significance in Somalia as found in the Galmudug territory. Economically, Galmudug in 2024 is set to be the first location for the offshore oil and gas that the Somali Federal Government in partnership with the Houston-based American company, Coastline Exploration have commenced work on off the Hobyo coast since 2021. Full Article
Hormuud's Assault on African Peacekeepers Figure 14: African Peace Keepers Hormuud launched a scorching public campaign against the Kenyan military forces in AMISOM in late August 2019. Full Article
Former Intel official stripped from NISA membership Full Article
PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article
Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article
Massive rise in Islamist militant attacks in Africa Full Article
Somalia:Minister of Finance presents Budget to Parliament
His Excellency Minister of Finance, Hussein Abdi Halane, presented Somalia's Budget for 2014-2015 to Parliament, setting out how the government will take further action to secure Somalia's future - re-building the economy and social service