Federal Budget Increase

Jiron

happy accidents, not mistakes :)
NABADOON
VIP
Mashallah, we have good leaders, we just need to give them a chance and be patient:)
 
"Today 60% of the budget is from local revenue up from 20% in 2016."

Good to hear that 🥳

I wish they would reduce those fat huge salaries(mps,Senators, ministers etc) ...
 
Today 60% of the budget is from local revenue up from 20% in 2016.

:lawd:

Absolutely sensational news. Props to Abdirahman Dualeh Beileh and his team at the Ministry of Finance. Whoever is elected next year has to keep them on.
 

0117

Reborn
Such lies with the statistics from N&N bots :mjlol:
The only that is true is the budget figure for 2022 :yousmart:
 

Periplus

SYL supporter
VIP
I have to be honest, Beileh is probably the best finance minister in Somali history.

At least top 3.

Even the world bank said they were impressed with Somalia’s fiscal policy post-coronavirus.


One can criticise Farmaajo but also give credit where it’s due.
 
Rapidly increasing budget, 4 more years for Jalle Farmaajo inshallah.

@bidenkulaha i know you hate farmaajo due to you being HG , but rejoice at this new budget. The higher the budget the more growth in the country.
 
Such lies with the statistics from N&N bots :mjlol:
The only that is true is the budget figure for 2022 :yousmart:
CCEEDBA2-B62F-4938-98B7-1D4AF1B65D8A.jpeg
 
Not the biggest fan of Farmaajo, but he deserves to be given credit where it's due. So kudos to him and his administration, this is a significant improvement.
 

0117

Reborn
Indulge me.
These are from the tweets shared by OP

CLAIM


1635779212938.png


FACT CHECK 1

2021 budget was $671 million. The actual budget book for 2021 I couldn't find on the gov site as it may have been removed but all news source outlets have shared this figure from last year.




This means the budget went only up by $28 million which is around 4% and not 49%.


CLAIM

1635779756217.png



According to the 2022 budget book, itself budget is $716,863,974 and only $246,988,708 is raised from domestic revenue.
This means only 34.5% of the budget is from local revenue.

The source is the budget book itself and go to page 11


As for 2016 according to the 2016 budget book itself the budget was $246.3 million and only $139.2 million was raised from domestic revenue.
This means only 56.5% of the budget came from local revenue.

 
These are from the tweets shared by OP

CLAIM


View attachment 205661

FACT CHECK 1

2021 budget was $671 million. The actual budget book for 2021 I couldn't find on the gov site as it may have been removed but all news source outlets have shared this figure from last year.




This means the budget went only up by $28 million which is around 4% and not 49%.


CLAIM

View attachment 205662


According to the 2022 budget book, itself budget is $716,863,974 and only $246,988,708 is raised from domestic revenue.
This means only 34.5% of the budget is from local revenue.

The source is the budget book itself and go to page 11


As for 2016 according to the 2016 budget book itself the budget was $246.3 million and only $139.2 million was raised from domestic revenue.
This means only 56.5% of the budget came from local revenue.

It was too good to be true.

Travis Scott Page GIF
 
what matters is the budget went from 240 million in 2017 to 700 million in 2022 it is clear improvement.
 

repo

Recess
VIP
These are from the tweets shared by OP

CLAIM


View attachment 205661

FACT CHECK 1

2021 budget was $671 million. The actual budget book for 2021 I couldn't find on the gov site as it may have been removed but all news source outlets have shared this figure from last year.




This means the budget went only up by $28 million which is around 4% and not 49%.


CLAIM

View attachment 205662


According to the 2022 budget book, itself budget is $716,863,974 and only $246,988,708 is raised from domestic revenue.
This means only 34.5% of the budget is from local revenue.

The source is the budget book itself and go to page 11


As for 2016 according to the 2016 budget book itself the budget was $246.3 million and only $139.2 million was raised from domestic revenue.
This means only 56.5% of the budget came from local revenue.

Damn, you are right. They also condensed the table in the pdf. Sneaky.

:bell:
 
According to the 2022 budget book, budget is $716,863,974 and only $246,988,708 is raised from domestic revenue.
This means only 34.5% of the budget is from local revenue.

The source is the budget book itself and go to page 11

It seems they are expecting less domestic revenue in 2022 but more grants from international donors.
Year20212022
Domestic revenue 269.7247
Grants 410.8469.9
Total680.5716.9
2022 budget.png
 

0117

Reborn
It seems they are expecting less domestic revenue in 2022 but more grants from international donors.
Year20212022
Domestic revenue269.7247
Grants410.8469.9
Total680.5716.9
View attachment 205689

Remember my friend, the donor community withheld much of their funding this year due to the election fiasco.We need to see an end of year budget spent this year.I wonder how the chaos at the moment will harm Somalia's debt relief goals as surely if TAX revenue is expected to go down in 2022 then that means the government is going backwards and destroying any progress made so far :kanyeshrug:
 

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