revenue

Somalia’s 40% Customs Revenue Shock Raises Questions Over Government Finances

MOGADISHU (WDN) — Somalia’s federal government is facing mounting fiscal pressure after President Hassan Sheikh Mohamud disclosed that customs-based domestic revenue has fallen by an estimated 40 percent, underscoring the vulnerability of the country’s finances to disruptions in regional maritime trade. The president attributed the decline to disruptions around the Strait of Hormuz, a critical...