Somaliland

Somaliland: House Approves Budget For The 2012 Fiscal Year

April 3, 2012   ·   2705410 Commentshttp%3A%2F%2Fsomalilandpress.com%2Fsomaliland-house-approves-budget-for-the-2012-fiscal-year-27054Somaliland%3A+House++Approves+Budget+For+The+2012+Fiscal+Year2012-04-03+19%3A02%3A52SomalilandPresshttp%3A%2F%2Fsomalilandpress.com%2F%3Fp%3D27054

HARGEISA(SomalilandPress)–Somaliland parliament has passed a bill approving the budget for the 2012 fiscal year, this year budget which was formerly presented to the house by the former minister of finance Hon Mohammed Hashi Elmi, who was just recently sacked. The heated session today was chaired by the speaker of the house Hon Abdirahman Mohammed Abdillahi(Cirro) who also preside over the vote, out of the 57 mps present during the vote.

i. 37 MPs voted in favor
ii. 19 MPs vote against
iii. 1 MPs abstained
The budget of 2012 fiscal year is estimated to be 639,396,240,470 billion Sh. SL arise of 23.19% compared to last year. Former Minister of Finance Mohamed Hashi Elmi during his presentation of budget for the 2012 fiscal year to the house of parliament for approval two months ago, highlighed on the progress made by the Ministry of finance in term of revenue collection he also pressed for the need for stricter financial regulation he also stressed the need to increase wages for all government employee, however he co-related the issue with collection of tax from citizens. He also elaborated on the inter-depended relationship of both factor’s and for the first time ever he revealed the increase of wages for employees of the Attorney General Judiciary and all government Ministry although the current government has raised 100% pay rise for all government workers,its clear that it had fallen short of the 300% the KULMIYE government had pledged during the campaign.

The former minister also reiterated that the ministry had paid all debt owed to the government, the debt which was incurred during the Dahir Rayaale administration. This year fiscal budget is anticipated to stand at 639,369,240,470 billion Somaliland Shilling which is estimate to be around $100 million dollars, an increase of 23.19% compared to the previous budget. The former minister of finance also revealed that the government has allocated more than 11 million dollars to upgrade health care, education, water resources, and the agriculture sector.

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Wednesday, April 3, 2012

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Tags: Hargeisa, Silaanyo, Somaliland budget, Somaliland news, Somalilandpress