Here is a detailed report on different customs tariffs and duties.
We even have set a duty rate on importing nuclear reactors, guul.
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ANALYSIS FGS & FMS Spend
- Thread starter Hilmaam
- Start date
We even have set a duty rate on importing nuclear reactors, guul.
Shaygoosh
Dadkaan ahay waa Duriyad Saare iyo Dawolad! π
Interesting, I know they had disagreements as of late. That explains their shortcomings. I wonder what would it be collectively!
I don't want to derail the thread:
But I'm not sure, but all I can say is.
That the road from Xamar to Balcad will generate ton of money from now on, I want reer Middle Shabelle to have proper talks with Hirshabelle admin on how that revenue will be shared.
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@Hilmaam Puntlandβs revenues in 2022 were $116 million.
https://mof.pl.so/financial-reports-2022-eng/
https://mof.pl.so/financial-reports-2022-eng/
0117
Reborn
The port development hasn't really led to increased import revenue.It's just that the demand has increased which would've been met even with the pre developed port.
The port hasn't even generated a profit yet where in which SL owns 41.5% of revenue generated from the port. The reason why there's not been a profit is because the port is underutilised with last year only handling less than 20% of capacity (waiting on the "road" corridor and trade agreement with Ethiopia).
The difference is actually governance and I'm sure you going through FGS/PL documents and SL there is stark difference in quality and depth of the reports.
TAX reforms have been underwhelming and there needs to be a change of hands with the head of Finance as he's been at the helm for a long time.Fresh and innovative ideas is needed particularly in the corporation and income tax sectors.
As for potential new revenue streams the government will receive fees from the Berbera Economic Zone.
SL collects taxes properly, after customs tariffs and duties they also collect 5% sales tax while the merchandise still at the port. PL, on the other hand, barely collects proper taxes, and they started introducing sales tax late last year but only 0.2%.
You can see that in this video, in Bosaso port they demanded $185, but in Berbera port his total taxes were $3000 on the same goods. so PL taxes were 0.6% and SL 10% on his goods ($30k). that's why PL collects $100 million and SL close to $300 million.
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0117
Reborn
You confused government taxes with actual port usage fees which is included in the $3000 figure.
The significant cost advantage Bosaso has over Berbera will be gone once DP world complete their construction and takeover.Significant port usage fees will be applied.
However, this an opportunity to modernise and develop a comprehensive tax system which works best for the state.Also PL do well in certain aspects such taxing income from NGO/Aid employees which other states don't do even FGS.
He said taxes, it may include port usage fees but most of that,I think, will be government taxes. in any case SL has more robust tax system and that's why they collect more taxes than everybody including the federal government.
I'm not able to find it. Can you screen shot and let me know which one? The link took me to Q4 report from october to decmeber
Yeah reading through the report i linked for 2022 data, you guys have very robust system. Lots of details on livestock, agriculture,port.. etc.. I like the goal the report states to tax 15% of gdp. Probably something rest of us need to work towards in the future once we stomp out al shabab and remove corruption. Otherwise will break back of citizens due to getting double tripple taxed. I also like how you guys use local currency, I am hearing we will be eventualy going towards a east african shilling as part of EAC, guessing there are benefits of using local currenices.
According to the World Bank, tax revenues above 15% of a countryβs gross domestic product (GDP) are a key ingredient for economic growth and, ultimately, poverty reduction.1 This level of taxation ensures that countries have the money necessary to invest in the future and achieve sustainable economic growth. Developed countries generally have a far higher ratio. The average among members of the Organisation for Economic Co-operation and Development was 33.8% in 2019.2
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Open revenue performance reports for each quarter and add up the YTD actual grand totals.
Even without a port, SWS should be putting up much better numbers. There are 3 Gobols!
SW is prob the weakest State after Jubbland, RX cant Run 3 gobals, they added Shabella Hose so they can keep it away from HG.
Reality is Shabella Hose and Banadir should be 1 state.
@Hilmaam
Thanks again; there is some good data, albeit incomplete. Now, could you do a couple of more things:
a) In 2022, there had been 817,766,307.00 million USD in Grants, and Rev-Grants for the FGS in Xamar alone; could we find out:
i) How those funds had been expensed?
ii) And for what?
This inflates Xamar's revenues, for if you were to remove 817m out of the equation, the numbers would read differently.
b) Are any, and all purchases by Aid agencies, AMISOM, and other international organisations subject to taxation? With their usage of Xamar airport, and port to bring in their wares, war machinery related or otherwise, are taxes levied at port of entry?
i) Or are theirs tax exempt?
ii) If any are not tax exempted, do we know how those items are taxed? If so, under what category are those grouped?
Postscript:
Are you by any chance able to get your hands on a break-down of the source of Grants, and Rev-Grants?
An injection of that much money, into a single city, in a year, speaks to the inflation, and rising cost of living in Xamar, which is rather worrisome.
Thanks again; there is some good data, albeit incomplete. Now, could you do a couple of more things:
a) In 2022, there had been 817,766,307.00 million USD in Grants, and Rev-Grants for the FGS in Xamar alone; could we find out:
i) How those funds had been expensed?
ii) And for what?
This inflates Xamar's revenues, for if you were to remove 817m out of the equation, the numbers would read differently.
b) Are any, and all purchases by Aid agencies, AMISOM, and other international organisations subject to taxation? With their usage of Xamar airport, and port to bring in their wares, war machinery related or otherwise, are taxes levied at port of entry?
i) Or are theirs tax exempt?
ii) If any are not tax exempted, do we know how those items are taxed? If so, under what category are those grouped?
Postscript:
Are you by any chance able to get your hands on a break-down of the source of Grants, and Rev-Grants?
An injection of that much money, into a single city, in a year, speaks to the inflation, and rising cost of living in Xamar, which is rather worrisome.
0117
Reborn
You do understand the grant/donor projects in FGS also includes grants/donor to PL/FMS.
It's wrong to equate it to a single city.
It's best to go through the individual projects by searching on the respective websites.
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I do, but I did not include those, and only talled those earmarked, and listed on the budget for the FGS.
Postscript:
I intentionally draw a clear distinction between Xamar and Banaadir, for the two are not synonymous, and what was once Banaadir is no longer what is Xamar now, ergo my referring to it as a city.
0117
Reborn
How did you get the figure?
I took numbers for Jan - Dec in 2022 for Grants & Rev-grants listed under FGS.
0117
Reborn
Here this might help. I was combining all the monthly reports the released last year. So for total puntland grants it came out to 25M when I combined those figures
I just stumbled upon this summary report, that was released recently as I didn't see it when i first started combining reports. It shows puntland received 21M maybe adjustments after facts. This document also has good expense information as I mostly pulled revenue data
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