Advanced Somali Federal Government release the financial annual report

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Ras

It's all so tiresome
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That cover looks way over the top and also they should get a third party to audit them anually if they want us to trust their word.

Too much focus on the natural resources sharing agreement (they can't wait to get paid it seems) and way too many excuses disguised as "challenges".

They more or less admit that they don't have no teeth so won't be able to enforce any tax collection laws put in place.

For example: the telecom bill that was meant to force the telcos to compete for a license as well as pay tax.

Good luck in getting them to pay up when they already pay tax to Al Shabaab and are contend with the status quo - the monopoly it grants them.

Almost nothing on monetary policy other than a few notes on the need to look into it...

Also almost half the committee is made up out of foreigners.

If they were really there to help then why are the biggest accomplishment of this committee this last minute half baked report?

Fortunately their mandate is finally over so hopefully Farmaajo will delegate it to some competent qualified people now....Right?
 
To summarize this lengthy report, our Somali brethren will have to bow to the IMF. Extortion(taxation) will become a reality soon. Expect the International Misery Fund to peddle misery to the poor.
 
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