Publication Category:
53
Other Reports
Publication Type:
Report
Publication Topic/Subject:
OTHER REPORTS
Publication Corporate Author:
Economic Policy & Planning Department
Release Date:
Saturday, September 12, 2020
Federal Government of Somalia: Government Financial Statistics (GFS) Analytical Report 2013 - 2019
Since the establishment of the Federal Government of Somalia in 2013, the Government has embarked on a serious of ambitious public financial management and public administration reforms to develop modernized and internationally recognized institutions. The accelerated pace of these reforms over the past three years in particular, have not only helped the country in normalizing its relations with international financial institutions, but have also resulted in significant changes to revenue and expenditure. This report is the first of its kind produced by the Ministry of Finance’s Economic Policy and Planning Department, analyzing Government Financial Statistics data from FY2013 to FY2019. Moving forward, the Economic Policy and Planning Department will work with the newly established Statistics Bureau to integrate this analysis with broader economic data in order to provide a holistic snapshot of Somalia’s economic and fiscal trajectory. It is our hope that such reports will increasingly be used by our international partners included the World Bank, the International Monetary Fund, the European Union, the African Development Bank, and the Islamic Development Bank, among others, to inform their policy.