Somalia’s Federal Parliament approves 2017 budget
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- Posted On 04-04-2017, 10:27AM
MOGADISHU, Somalia- Somalia's Federal Parliament on Monday has unanimously approved 2017 budget which was submitted by the new Minister of Finance Abdirahman Dualle Beyle, Garowe Online reports.
During Monday's session, the lawmakers passed this year's budget totaling $ 267,544,364 and was voted in favor by 141 MPs, according to the Speaker of the Parliament Mohamed Sheikh Osman Jawari.
The new budget, which is higher than previous 2016 budget is expected to enable the Federal government to improve security of the country, healthcare delivery and development.
Beyle said 60-percent of the budget will be generated from local taxes, mainly from Mogadishu's harbor and Airport, while the rest will be provided through financial aid packages from Somalia’s International partners.
The 2017 budget shows an increase against that of the previous years.
GAROWEONLINE
