Somalia's Finance Minister reports a 30% increase in federal government revenue between Jan-Apr 2024, reaching $116 million, driven by tax policy reforms.
Somalia's Finance Minister, Bihi Iman Cige, reveals a 30% increase in federal government revenue between Jan-Apr 2024, reaching $116 million, compared to $89 million in the same period in 2023. This progress is attributed to tax policy and administration reforms for effective tax collection. The rise in revenue supports debt relief efforts and strengthens essential services and infrastructure in the country.
May 09, 2024
3 Articles