BREAKING: All FMS have cut ties with FGS Finance Ministry due to corruption

D

Dowlad

bidenkulaha said:
It’s a lot of money for GM, total revenue for Galmudug is around 7 million and budget support was 6 million. This would see budget support down below 2 million.
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Galmuug is self sufficient and a patriotic state. We should be the ones giving money to our SFG to become stronger. This is why I want President and PM Hamza to help us with a billion dollar port in Hobyo so we can contribute money to SFG tax
 
D

Dowlad

Aurelian said:
I hope this chills you down a bit
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Another rant from Puntland, which will be ignored. PM Hamza won't even bother to look at this nonsense. Will Puntland threaten to leave Somalia again? I ask the PM to continue on more important matters for the nation such as eliminating Al-shabab, drought and developing the countries economy
 
Aurelian

Aurelian

Forza Somalia!
VIP
Dowlad said:
Another rant from Puntland, which will be ignored. PM Hamza won't even bother to look at this nonsense. Will Puntland threaten to leave Somalia again? I ask the PM to continue on more important matters for the nation such as eliminating Al-shabab, drought and developing the countries economy
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Do you think PL will put other FMS without their consent?
 
D

Dowlad

Aurelian said:
Do you think PL will put other FMS without their consent?
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Yes. I wouldn't waste my time on this. Puntland/Deni is trying to undermine PM Hamza's government because they asked HSM to replace him with a MJ. Remember it is PM Hamza who has the power and influence not Deni and not Puntland.
 
warside

warside

bidenkulaha said:
Of course yes comes with IMF risk but I doubt they want to cut budgetary support at this time and cause a crisis in relations between FMS and FGS.
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Dowlad said:
Nonsense. Puntland and others need to start paying tax to SFG like everywhere else in the world. IMF also demands this.
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The World Bank issued a report 2 months ago titled "COLLECTION OF POLICY NOTES FOR THE NEW SOMALI GOVERNMENT" and one of the points was:
"Adopt a rules-based fiscal transfer formula between the FGS and the FMS to promote predictability and transparency in intergovernmental transfers, including those financed through budget support", after they mentioned the agreements on revenue sharing, I don't know how will they respond to this dispute and whether they will continue with the budget support or not but it's not a good look.
on the tax part PL already pays $3 million monthly to the daraawiish forces and that's FGS responsibility even PL agreed with HSM in his 1st term to transfer PL military to them but they reneged, or do you want PL to pay taxes to FGS without sharing the responsibilities, that's not gonna happen. also what we're talking about now is donors' money and how to share that and not related to taxes.
 
warside

warside

The budget support this year is $100 million but the FGS wants to get 90% of that instead of 60% they agreed with FMS, that's why all FMS in agreement over this matter.
 
CanoGeel

CanoGeel

"Show respect to all people, but grovel to none"
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Circa 2022:francis:
 
D

Dowlad

warside said:
The World Bank issued a report 2 months ago titled "COLLECTION OF POLICY NOTES FOR THE NEW SOMALI GOVERNMENT" and one of the points was:
"Adopt a rules-based fiscal transfer formula between the FGS and the FMS to promote predictability and transparency in intergovernmental transfers, including those financed through budget support", after they mentioned the agreements on revenue sharing, I don't know how will they respond to this dispute and whether they will continue with the budget support or not but it's not a good look.
on the tax part PL already pays $3 million monthly to the daraawiish forces and that's FGS responsibility even PL agreed with HSM in his 1st term to transfer PL military to them but they reneged, or do you want PL to pay taxes to FGS without sharing the responsibilities, that's not gonna happen. also what we're talking about now is donors' money and how to share that and not related to taxes.
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Fair points. However this is a complex matter. For example will each state get equal money from FGS or does Puntland want more. This will takes years to sort out. We need a census to know what the population is for the country. The census could be used to determine how much money each state gets. Puntland needs to negotiate with FGS in how it will pay tax. SFG would be more than happy to take the burden away from Puntland and directly pay for its security forces. So this is not an excuse to avoid paying tax. Otherwise it would bot be fair on Benedir state which contributes 60% of SFG's revenue. I think the IMF wants SFG to push all states to pay taxes so that IMF can begin to stop contributing to SFG budget.
 
D

Dowlad

warside said:
The budget support this year is $100 million but the FGS wants to get 90% of that instead of 60% they agreed with FMS, that's why all FMS in agreement over this matter.
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Since Mogadishu alone contributed over 60% of the budget support to SFG and Puntland and others contributed zero than I think it is fair that SFG controls 90% of the budget. Puntland already gets millions of direct aid from the international community along with Somaliland The 40% from IMF is temporary and the support is emergency until SFG can stand on its own feet.
 
Calaami

Calaami

Garaadka Guud ee Beesha Calaamka
Dowlad said:
Yes. I wouldn't waste my time on this. Puntland/Deni is trying to undermine PM Hamza's government because they asked HSM to replace him with a MJ. Remember it is PM Hamza who has the power and influence not Deni and not Puntland.
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Eh Hamza can be replaced at will and has to answer to HSM. Deni is Puntland leader until 2025.
 
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