The government has gone bankrupt

[FBIsomalia]

Fuuny part qoslaya wants to borrow billions in name of Somalia. Thanks Allah Puntland are not sharing with those southern .

 

[FBIsomalia]

According to the Auditor General, financial reports of Jan - Dec 2021, as published in Nov. 2022:

Gov't revenue from:
a) Airport: gov't get 25% - annual revenue of 2.8m US (Assumption: Favori, which manages the airport would get 75%). This is troubling, to say the least.

b) Mogadishu port: gov't gets 62+/- % - annual revenue 25.5m US (Assumption: Al Bayrack, which manages the port gets 38+/- %) .

Total revenue: 28m US.

To put this in the right context, if there are 10,000 solders of the 'Xoogga Dalka', with each being paid 200$ salary a month, that is 24m US per annum.

In the financial world, surely it is not what one might call an ongoing concern.

-----------------------
- Borrowings & IMF: 96m US.
- There are grants from the US, and EU in the millions.
- Cash injections from Gulf states,
- Annual budgetary supplements from Turkiye.

Let them start road tax or sales tax like puntland did, man those southern are useless .

 

[Abaq]

It seems the Hiraab kumbaya is coming to an end

 

[Jungle]

It seems the Hiraab kumbaya is coming to an end

Far from it, believe me. Bashaal iyo buneysi aa ku jirnaa eboow

 

[Rationale]

It seems the Hiraab kumbaya is coming to an end

The blessed Imamate is here to stay.

 

[Abaq]

The blessed Imamate is here to stay.

I hear rumours Abgaalism is flowing through Duqa's veins nowadays. Maxaa ka jiraa

 

[Aurelian]

When you look at the finance reports and compare it to last year, you will see a decrease in government revenue. The decrease is probably the result of donors giving less money to FGS, even when compared to the last months of Farmaajo. this is the revenue for the 1st Q of 2023 and 2022

2022	Jan: 56 mil	Feb: 77 mil	March: 37 mil	Apr: 56 mil
2023	jan: 17 mil	Feb: 25 mil	March: 37 mil	Apr: 34 mil

So in 2022 the revenue was $226 mil, and in 2023 it was $113 mil, that's 50% less of what they got last year. It seems donors are not funding FGS like before.

It is astonishing that less a billion can keep this gov afloat. If these donors cut their donations, the gov will be screwed.

 

[warside]

Reports that SFMIS system was turned off for the 2nd time, the minister before his sacking confirmed the 1st one and blamed it on the Accountant general. This system which is used for real-time Financial Reports and payroll processing plays a key role in the country’s debt relief efforts. I don't know why they're risking it.

#UPDATE, Maanta markale ayaa la damiyey Nidaamka SFMIS ee Wasaaradda Maaliyadu ku shaqeyso, waxaana is taagay shaqadii Canshuuraha Berriga.
Maalmo kahor, Xisaabiyaha Guud iyo Agaasimaha Guud ee dakhliga ayaa lagu eedeeyey in ay dansadeen nidaamkan oo ah kan kalahaga qeybaha Canshuuraha oo dhan, iyagoo fulinaya amar Madaxweyne.
Daminta cusub, ayaa la xariirta in aysan shaqeyn karin xubnaha Waaxyaha Canshuur aruurinta, ee uu magacaabay kal hore Wasiirkii Maaliyada ee xalay la ceyriyey.

 

[FBIsomalia]

Reports that SFMIS system was turned off for the 2nd time, the minister before his sacking confirmed the 1st one and blamed it on the Accountant general. This system which is used for real-time Financial Reports and payroll processing plays a key role in the country’s debt relief efforts. I don't know why they're risking it.

So they can steal money .