Highlighting the achievements of the Ministry of Finance Development of the last quarter of 2020 (October-December)
The Berbera Corridor Project Coordinator of the Ministry of Finance has today organized the monthly meeting
An Integration Financial Management Information System “IFMIS” is an IT based budgeting and accounting system that manages revenue, spending, payment processing, budgeting and reporting for governments. An IFMIS bundles many essential financial management modules into one software suite ...
Message From the Minister
The government of Somaliland is currently implementing its Public Financial Management Reform program (PFM) that includes reforms to improve the budgeting process, increase domestic revenues, automate the country’s payment system and build the capacity of our public servants to better manage the country’s finances.
The PFM reform program will improve the government’s capacity to utilize public funds more effectively, meet the National Development Plan II (NDPII) goals, and realize its 2030.vision.
This program will help us to achieve the highest possible efficiency, transparency and accountability in the allocation, management and use of public finances. The effective and efficient use of taxpayers’ money requires sound financial management, full transparency and effective payment process. These reforms will help ensure the Government of Somaliland to be a trusted custodian of the nation’s financial resources.