Somalia approves $1.34 billion budget for 2025, a 24.4% increase, prioritizing national security, healthcare, education, and social welfare.

Somalia's Council of Ministers, led by Prime Minister Hamza Abdi Barre, has approved a $1.34 billion budget for 2025, a 24.4% increase from the previous year. The budget focuses on national security, healthcare, education, and social welfare, funded by enhanced tax collection, efficiency improvements, and ongoing international support. This move underscores Somalia's commitment to fiscal responsibility and economic growth.

October 08, 2024
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