The Government Claims Domestic Revenue Has Doubled in Four Years
What happened
40-second readThe Federal Government of Somalia has stated that domestic revenue has doubled in the last four years.
What else the report says
- The Minister of Finance, Biixi Iimaan Cige, attributed the increase to the implementation of the SOMCAS tax system, digital tax services, and the restructuring of public financial management.
- Prime Minister Xamse Cabdi Barre stated that the regional governments received the largest financial support during the year 2025.
- He pointed out that the federal government aims to use national revenue and resources to strengthen social services in the regions of the country.
- The government also stated that it has not taken new loans since Somalia completed the debt relief program.
Reported by Goobjoog Somali
You are reading the English translation.
Original report with a saved translation · Soomaali
Soomaali · Machine translated · Not human reviewed
Reader translation: English
The Federal Government of Somalia has stated that domestic revenue has doubled in the last four years.
The Minister of Finance, Biixi Iimaan Cige, attributed the increase to the implementation of the SOMCAS tax system, digital tax services, and the restructuring of public financial management.
Prime Minister Xamse Cabdi Barre stated that the regional governments received the largest financial support during the year 2025.
He pointed out that the federal government aims to use national revenue and resources to strengthen social services in the regions of the country.
The government also stated that it has not taken new loans since Somalia completed the debt relief program.
The Ministry of Finance has stated that it is preparing a strategy and laws to regulate any future loans taken for the development of infrastructure.
The disclosed data did not include a schedule showing annual revenue, sources of growth, or funds allocated to each regional government.
Follow Warkasta on WhatsApp
Follow our channel for the latest news.
Follow the channel →Why this story appears
This is a single source report from Warkasta’s monitored network. The source link remains available so you can read the publisher’s original context.
- Source count
- 1
- Sources used
- Goobjoog Somali
- Language mix
- Soomaali
- Translation status
- Stored translation available for this language
- AI synthesis
- No AI synthesis is used for this story panel
Signals used: somalia · general · sano · jibaarmay · sheegtay
Keep reading
- Pakistan conducts airstrikes in Afghanistan, as Kabul reports deaths of women and children
Goobjoog Somali
- Mustafe Cagjar re-elected as President of the Regional State
Caasimada Online
- The United Arab Emirates Condemns the Killing of Oil Tanker Crew Members Abducted off the Coast of Somalia
Shabelle Media