Ministerial Statements

Ministry of Finance Presents Annual Expenditure Report for 2024

• statement
• Wasaaradda Maaliyadda
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Purpose:
The Ministry of Finance submitted a detailed report to Parliament outlining government expenditure across various sectors for the 2024 fiscal year

Description:

The 2024 Annual Expenditure Report highlighted the following:

Total Budget Spent: $312 million USD out of $350 million allocated.

Key Spending Areas:

Education: $72M (Schools, teacher salaries, curriculum development)

Health: $58M (Hospital maintenance, vaccinations, emergency response)

Infrastructure: $80M (Roads, bridges, water systems)

Security: $50M (Police, military, border monitoring)

Achievements:

Over 100 new classrooms built.

Nationwide COVID-19 vaccination campaign supported.

Phase 1 of Burao-Berbera Road completed.

Challenges:

Rising inflation impacting procurement.

Delays in fund transfers from donors.

Audit & Transparency:

Independent audit completed with 87% compliance to financial guidelines.