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Reading: Somali Cabinet approves the 2024 National Budget
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Somali National News Agency > Blog > Local News > Somali Cabinet approves the 2024 National Budget
Local News

Somali Cabinet approves the 2024 National Budget

By Khadar Aweys
Last updated: October 28, 2023
1 Min Read
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Mogadishu, (SONNA) – In an extraordinary meeting chaired by Prime Minister of the Federal Government of Somalia, HE Hamza Abdi Barre, the Cabinet has on Saturday approved $1,025,687,991 of the country’s 2024 budget.

The government’s budget has increased to one billion this year due to the increase of the internal revenue which went up to 20%, and gives priority to the national security and the promotion of social services.

The Prime Minister said that the increase of the national budget indicates our dedication and commitment to get a full relief of debt, and after that the increase will be even higher than the current one.

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