The cabinet has stamped the 2018 budget of Somaliland’s central government this is according to information supplied by Somaliland News Agency (SOLNA).
The government expenditure for this year is historic, since it has exceeded all budgets approved for the past 26 years Somaliland has been independent.
Arithmetically the government financial plan for 2018 is a trillion one hundred and eighty seven billion (1,187,000,000,000) Somaliland Shillings which is equivalent to two hundred and eighty one million dollars ($281,000,000).
The new financial arrangement will see 34% of the funds go to development matters. This master stroke genius of the current government of President H.E Musa Bihi Abdi will see that the ministerial expenditure reduced to a staggering 40% point.
The head of state commended his ministers for a job well done. The president who was in a jovial mood during the Tuesday budget deliberations stated that the cabinet has risen above expectation and cut cost of running the government. This means that in paper all ministries have trimmed down their annual expenditure.
These government strategic budget plans are much emphasized on agriculture, marine resources. Also in the pipeline is development of crucial services such health, education and water resources which for years had lagged behind due to underfunding.
Another sector of utmost importance the government has put on the spotlight; is the development of youth manpower and disaster preparedness following constant drought in the country which always disrupts the livelihood of many nomads.