Somali Cabinet Gives Green Light to $1.3 Billion Budget for 2025 Fiscal Year
Mogadishu (AX) – At a special gathering led by Prime Minister Hamza Abdi Barre, Somalia's Cabinet of Ministers gave the green light to a whopping $1.3 billion budget for 2025. This decision was made during an urgent session held on Tuesday.
This budget showcases a 24.4% jump from the previous year's allocation, all thanks to a surge in home-grown revenue.
The Ministry of Finance spilled the beans, revealing that the budget for 2025 had ballooned by $263 million compared to the $1.08 billion earmarked for 2024. “Ramping up…