Mogadishu December 31, 2022 (SD) – Somalia’s President Hassan Sheikh Mohamud, today signed into law the Government’s 2023 budget approved by the Federal Parliament of Somalia last week.
The President praised the Ministry of Finance for a budget that is in line with the vision, development, and reconstruction of the army and the liberation of the country.
This year’s budget is $973 million and there is an increase compared to previous years. The government has increased this year’s budget for public health, education, and security sectors.
Somalia’s budget is mostly spent on unexplained expenses and is mired in misappropriation making the war-torn country the most corrupt country in the world.
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