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Review of Somalia’s 2019 budget for judiciary institutions, public services and economic development

On the last day of December 2018, the Somali Federal Parliament’s House of the People approved the 2019 federal government budget prepared by the Ministry of Finance. The total budget appropriated for the 2019 fiscal year is $344 million. This is a $70 million increase on last year’s $274 million fiscal budget. It is significant compared to past increases: the 2018 budget was only $14 million higher than 2017’s $260 million budget. Read more

Somali Public Agenda

Options for political reconciliation in Somalia

Somalia’s federal and regional leaders have been in intense political friction recently. At the peak of these tensions, the regional presidents and their aides – who met in Kismayo in early September 2018 – decided to suspend their relationship with the federal government until their concerns were negotiated and addressed via the mediation of a third party. The regional presidents justified this position by citing a number of political and security concerns with the government in Mogadishu. Read more

Is it the time to print a new currency for Somalia?

The Federal Government is planning to print a new currency for Somalia. In early June 2018, the Minister of Finance of the Federal Government of Somalia introduced the design of 5,000 and 10,000 Somali Shillings. A press conference held by the governor of the Central Bank of Somalia in late June 2018 further elucidated the division of the currency. The governor stated that the currency will consist of 1,000, 2,000, 5,000 and 10,000 Somali Shillings. Read more