Garowe Online (Garowe)

Somalia: Puntland Parliament Approves 2013 Budget

Garowe — Lawmakers in Somalia 's Puntland government have approved the new 2013 budget, after days of debate and presentations by Puntland Finance Ministry officials, Garowe Online reports.

Puntland Parliament Speaker Abdirashid Mohamed Hersi chaired Monday 's session in Garowe, the Puntland capital.

Speaker Hersi said: "There are 47 MPs present and 46 MPs voted in favor of approving the 2013 budget and one MP abstained. The new 2013 budget is hereby approved after days of debate and discussions. "

Mr. Farah Ali Jama, Puntland' s finance minister, was present during the vote. He responded to questions raised by Puntland MPs regarding salaries and support services for Puntland security forces and civil servants in the new budget.

Minister Jama, speaking on BBC Somali Service, said: "The new budget is $41.1million for 2013 fiscal year. Around 70% of the budget is based on taxes on import-export business, particularly livestock trade. The remaining 30% is collected from inland revenue sources. "

Continuing, Puntland 's finance minister said: " O f course, peace and development reinforce each other. Revenue generation increases with political stability. Lately we hear people spreading negative information and propaganda on the media about Puntand. I am informing everyone that there is a government and a working system in Puntland and everything will continue normally. "

Ads by Google

Copyright © 2013 Garowe Online. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.