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Finance minister lauds increased local revenue

Minister of Finance of the Somali federal government , Abdirahman Duale Beyle, has today participated in the .

Somali minister, Abdirahman Duale Beileh has commended the economic reforms achieved recent years thanks laws implemented.

Speaking at 2020 annual land tax report in Mogadishu, the minister said the income from tax revenues has increased in recent years,.

“The change in profitability is due to the laws we have implemented, community awareness and good cooperation with the taxpayer of the country,” said Minister Beyle.

Somali government has been working to establish legal and technical capacities for revenue generation since 2017.

The tax agreements have been reached with airlines and telecom companies, and an income tax exemption for parliamentarians has been reversed 2016 year, giving the government more revenue.

The government is struggling to pay its external debt of about $5.2 billion, according to the IMF.

Somalia has not made a service or amortization payment since civil war broke out more than 25 years ago.

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