Barsan Associates @BarsanAssociate

Although #Somalia domestic revenue foresees substantial growth during 2024 fiscal year, the FGS's revenue mobilization capability remains low, leaving the budget 67% dependent on foreign aid. for more, here is a link to fuller report. barsan.so/somalias-2024-…

Somalia's Domestic revenue has increased proportionally over the last few years; however, it has never kept pace with external grants. Reliance on foreign donations has increased significantly over the last three years in comparison to local revenue growth.

The recurrent cost are used for identical goods & services across all the budgeted MDAs. These include civil servants salaries, allowances, rent, office material, fuel, lubricants, repairs, maintenance, travel, meeting expenses, fixed items, utilities, workshops, & advisory fees.

Barsan Associates @BarsanAssociate

4 years ago

Recurrent expenditure dominates 2023 annual budget as a total of $685.1 million (71%) will be spent on recurrent expenditure which includes administrative and recurrent expenses for projects while limited funds allocated for the public services delivery.

0 1 0 66 0

Recurrent expenditure dominates 2023 annual budget as a total of $685.1 million (71%) will be spent on recurrent expenditure which includes administrative and recurrent expenses for projects while limited funds allocated for the public services delivery.

Barsan Associates @BarsanAssociate

4 years ago

FGS annual budget for 2023 has made slight increase from 2022 spending plans of $929.9 million to $977.2 million in 2023. Hence, $283.3 million (30%) will be domestic revenue while $667.3 million (70%) will come from donors to supplement domestic revenue. barsan.so/a-review-of-so…

0 1 0 63 0

2023 budget strategy details implementation of new measures to improve domestic revenue including spectrum fees collection, increase tax on khat from $3 to $4 per kg, sales tax, and corporate income tax collections from large businesses.

Barsan Associates @BarsanAssociate

4 years ago

The budget document estimated a domestic revenue increase of $33.2 million (13%) from 2022 projected revenue, $250.5 million, though the budget plan estimates that it will fall $2 million short as of December 31, 2022 when the books are closed.

0 0 0 36 0

The budget document estimated a domestic revenue increase of $33.2 million (13%) from 2022 projected revenue, $250.5 million, though the budget plan estimates that it will fall $2 million short as of December 31, 2022 when the books are closed.

Barsan Associates @BarsanAssociate

4 years ago

FGS annual budget for 2023 has made slight increase from 2022 spending plans of $929.9 million to $977.2 million in 2023. Hence, $283.3 million (30%) will be domestic revenue while $667.3 million (70%) will come from donors to supplement domestic revenue. barsan.so/a-review-of-so…

0 1 0 63 0

FGS annual budget for 2023 has made slight increase from 2022 spending plans of $929.9 million to $977.2 million in 2023. Hence, $283.3 million (30%) will be domestic revenue while $667.3 million (70%) will come from donors to supplement domestic revenue. barsan.so/a-review-of-so…

In 2023, Somalia government will use $462,245,457 for recurrent cost while spend $665,072,935 for capital projects, mostly funded by external donors. Meanwhile, FGS estimated to collect $283,306,139 as domestic revenues while $665,072,935 will be external budget support.

Barsan Associates @BarsanAssociate

4 years ago

@BarsanAssociate will publish soon an analysis of 2023 fiscal budget to highlight sectoral spending and discrepencies in this year's expenditure. Stay connected here for the insight discussions.

0 0 0 0 0

@BarsanAssociate will publish soon an analysis of 2023 fiscal budget to highlight sectoral spending and discrepencies in this year's expenditure. Stay connected here for the insight discussions.

Barsan Associates @BarsanAssociate

4 years ago

On Nov 15, Somalia cabinet approved $967.7 million budget for the fiscal year 2023. This budget will be generated through domestic revenue & external support. In recent years, Somalia's public spending heavily relied on donor support either in bilateral & multi-lateral agreement.

0 0 0 0 0

On Nov 15, Somalia cabinet approved $967.7 million budget for the fiscal year 2023. This budget will be generated through domestic revenue & external support. In recent years, Somalia's public spending heavily relied on donor support either in bilateral & multi-lateral agreement.

Though the Federal Government of Somalia (FGS) budget increased progressively over the years, it is noteworthy to indicate that the majority stake of the 2022 annual budget is dominated by administrative & recurrent expenses, with little allotted to the public services delivery.

while $233.4 million (25%) of the total expenditure will go to the capital projects. Additionally, FGS will spend $423 million (45%) of total 2022 budget on identical goods and services expenditure across all the budgeted entities.

Of the $929.9 million budgeted for the fiscal year, a total of $696.4 million (this includes administrative and recurrent expenses for projects), equivalent to (74%) will be spent on recurrent expenditure mainly on public sector salaries, allowances, and operational costs.......

Though the Federal Government of Somalia (FGS) budget increased progressively over the years, it is noteworthy to indicate that the majority stake of the 2022 annual budget is dominated by administrative & recurrent expenses, with little allotted to the public services delivery.

Thank you Mohamed and Barsan for sharing such an insightful analysis of 2022 Budget of the FGS. FGS should continue strengthening domestic revenue mobilization such as customs modernization and increasing revenue collection from the telecom sector which only paid $3.6m tax.

Mohamed Roble @mmroble

4 years ago

The 2022 budget appropriation is a total of $929.9m. The expected domestic revenue for 2022 budget stands at $250m (26%) of the total revenues while the external revenue for 2022 budget is $694.7m (74%). Here is the link to find more of this analysis. barsan.so/analysis-of-so…

1 8 11 0 1

Falanqaynta Miisaaniyadda Soomaaliya Ee 2022: Kala Duwanaanshiyaha Kharashaadka Iyo Dakhliga. Waxaa halkaan Kaga bogan kartaan falanqeyn la xiriirta miisaaniyadda 2022 ee soomaliya. Waxa ay kuu bidhaamin doontaa haykalka miisaaniyadda dalka. barsan.so/falanqaynta-mi…

Analysis Of Somalia’s 2022 Fiscal Budget: A Disparity In Expenditure And Revenue. For those interested in to learn more about this year's budget here is the link to the analysis conducted by @BarsanAssociate with insight knowledge of its contributor @mmroble #FGSbudget2022

Mohamed Roble @mmroble

4 years ago

The 2022 budget appropriation is a total of $929.9m. The expected domestic revenue for 2022 budget stands at $250m (26%) of the total revenues while the external revenue for 2022 budget is $694.7m (74%). Here is the link to find more of this analysis. barsan.so/analysis-of-so…

1 8 11 0 1