Somaliland MoF: Releases budget breakdown

SirLancelLord

Reformation of Somaliland
VIP
Full document available here:
https://t.co/Ol85QnO1x7?amp=1

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SirLancelLord

Reformation of Somaliland
VIP
@DR OSMAN this is something PL needs to do antipode analyse and gather data on the country in order to find out what needs to be improved.
 
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SirLancelLord

Reformation of Somaliland
VIP
Let the debate begin.

Loving that allot of income is from taxes

Only criticism is more money should be put on health & education

Now we know that the govt has enough money to create free healthcare & education for all of they add 10% to both their budget
 
why is this is somaliland shilling and not USD?

the locals can barely count 6 digits, so when the average Joe looks at this, they say Mashallah the government is much needed, look at all that lacaag kkk

Yet the salary for ruling class is in usd
While the masses gets robbed with toilet paper shillings
 

SirLancelLord

Reformation of Somaliland
VIP
why is this is somaliland shilling and not USD?

Because that is the national currency,

The rate of the Shilling has been decreasing to the dollar since they started to increase its usage.

It's part of the strategy, they want to make the country less reliant on US dollar domestically

Everyone uses SL Shilling only diaspora and high rollers use dollars
 
the problem with using somaliland shilling is there is nothing backing it, tomorrow 1 trillion somaliland shilling could be equal to 1 dollar. same goes for somalia.

i know when the somaliland shilling was first implemented a lot early adapters where burned, some lost fortunes when they exchanged their dollars for shillings.
 

SirLancelLord

Reformation of Somaliland
VIP
the problem with using somaliland shilling is there is nothing backing it, tomorrow 1 trillion somaliland shilling could be equal to 1 dollar. same goes for somalia.

i know when the somaliland shilling was first implemented a lot early adapters where burned, some lost fortunes when the exchanged there dollars for shillings.

It's value it's currently determined by availability / usage and the dollar.

They should look on buying gold, the bad thing about the dollar is that it's all depends on how much dollar its based on the US economy of a recession happens again or they put sanctions on Somaliland in future, we're screwed
 

DR OSMAN

AF NAAREED
VIP
Mahmud waxasi waa 'forecasts' it's not interesting, tan la yirahdo budget closure waa dhab weeye as he has to prove what he actually recieved and paid and we can see if it was 'done' in soldiers, civilian workers, ministries he claimed to fund. Dadkani waa jahil 1960 dhashay anigo 300 sano mamul haystay naguma ciyaari karo. Plus all his 'taxes' are just 'increases' there is now new sectors in somaliland kkkkk or he wud prove where this extra tax is coming from if its not just increasing it on the same ghetto economy. Imagine this bro where nothing changed in the economy and the govt did just raise the taxes up which is what SL does always kkk waa dead meehasi @SirLancelLord

u want to keep taxes low as possible but u want to 'spread it out' across the economy so its low for everyone but there is more participants and sectors ma garatay, not high taxes. The only time u do high taxes is when u have nothing else in the economy to tax except the same ghetto, hence BUDGET SUPPORT(HAMAR HARGEISA)
 

SirLancelLord

Reformation of Somaliland
VIP
Mahmud waxasi waa 'forecasts' it's not interesting, tan la yirahdo budget closure waa dhab weeye as he has to prove what he actually recieved and paid and we can see if it was 'done' in soldiers, civilian workers, ministries he claimed to fund. Dadkani waa jahil 1960 dhashay anigo 300 sano mamul haystay naguma ciyaari karo. Plus all his 'taxes' are just 'increases' there is now new sectors in somaliland kkkkk or he wud prove where this extra tax is coming from if its not just increasing it on the same ghetto economy. Imagine this bro where nothing changed in the economy and the govt did just raise the taxes up which is what SL does always kkk waa dead meehasi @SirLancelLord

u want to keep taxes low as possible but u want to 'spread it out' across the economy so its low for everyone but there is more participants and sectors ma garatay, not high taxes. The only time u do high taxes is when u have nothing else in the economy to tax except the same ghetto, hence BUDGET SUPPORT(HAMAR HARGEISA)

Stop screaming Garowe doesn't understand governance.

All you guys can shout is "we are richer" and complain about somaliland.

The Ministry of Finance is only responsibly for management
 

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