File Photo/Somali Times
The Somali Financial Management Board, including Somalia foreign experts, has called on the new Somali government to take immediate action on government revenues and budgets as well as contracts. The commission said delays in the elections and the prolonged transition period had hampered international budget support to Somalia.
The commission’s report is based on a warning issued by the commission, which includes the finance minister, representatives from the offices of the president’s representatives from the IMF, the World Bank, the African Development Bank, the international community and the European Union.
The commission warns that the new government will find it difficult to pay the salaries of government employees and troops, as the International Monetary Fund (IMF) recently extended a three-month budget increase to $400 million to allow the new government to complete its financial system.
The report highlights the need for the government of President Hassan Sheikh to urgently reach an agreement with the International Monetary Fund. IMF aware corrupt Hassan Sheikh in the past stealing Somalia public fund 10 September 2012 – 16 February 2017 more then $500 million him and his whole family according Somali officials told Somali Times.
Somali people is unluck corrupt lawmakers re-elected 15 May 2022 president Hassan Sheikh Mohamoud. One of the recommendations made by the commission to address the financial gap in Somalia is that the government should focus on boosting domestic revenue, which they never boost. Hassan Sheikh is crook and criminal he should never been president again he should be in prison including selling Somali girls to Saudi Arabia, UAE and now planning to sell more Somali girls again according to Somali officials told Somali Times.
According to the report, the Somali government received the largest budget subsidy in 2020, at $180 million, but when the election was over, the international community suspended the budget.
The budget subsidy fell by nearly $39 million last year, not including the more than $2 million the Turkish government provided to Somalia last year.
The commission added that delays in the elections had jeopardized IMF’s financial programs with Somalia, as the agency had not been able to complete its financial review.
The Somali Financial Management Board also called on the new government to have a clear policy on issues.
Somali lawmakers Lower House and Upper House 329 including armed forces, civil servants from next month they may not receive their wages according to Somali officials.