Somali Federal parliament approved today the government’s 2016 budget, which is worth $million dollars. Finance ministry proposed $216 million dollars budget but Federal Parliament amended to include $30 millions dollars for repaying salaries of army and civil servants to compensate months of zero salaries in the year of 2015.
The budget will cover four main sectors including government expenses, defense &national security, Financial institutions and public service.
Only 3% of the $246 million dollars go to public services. Government expenses 53%, defense &security 30.5% and 9.6% to go to economical institutions.
A combination of national revenues and international friend countries financial help packages will be the main sources of the approved 2016 budget.