A Two-Day Training On Leadership and Change Management


Hargeisa 30 11,2019(MFD)The ministry of finance  PFM Coordination Department has organized a two-day training on Leadership and Change Management for the Departmental Directors and their deputies of the Ministry of Finance Development at Maansoor Hotel, on November 30th and December 02, 2019

The Training was officially opened by the Minister of Finance Development Hon Dr. Saad Ali Shire and the Director General of the Ministry of Finance Mr. Mohamed Abdi Gurhan.
In their opening remarks, they both emphasized the significance of this training in improving the leadership and Management skills of the senior civil Servants of the Ministry of Finance Development and to apply and reflect their learning in their work.

The training equips participants with the skills for developing leadership strategies, building processes and using best practices to achieve results in their respective roles.
The training is facilitated by Suleiman Elmi, PFM Change Management Expert.

The PFM is designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030

The Ministry of Finance Development has launched a Inland Revenue Taxes collection campaign for the rest of the year.


Please go to your nearest office and pay your tax.

The Director General of the Ministry to day closed for 16 participants (ToT) their completion ceremony


Hargiesa 21, 11,2019 (MFD) Somaliland Ministry of Finance Development considers the knowledge, skills,discipline and motivation of the staff is essential to the Ministry's work. The plans of this Ministry include the availability of staff who are skilled from all sides.
Based on this, the Ministry began selecting staff from the different Departments instead of depend on hiring a trainer from outside. Each of the members would be a dedicated trainer equipped with the required knowledge in his Department.
The Director General of the Ministry to day closed for 16 participants (ToT) their completion ceremony. The training was conducted by the Institute of public Employees, in collaboration with the Civil Service agency, the Ministry of Finance Development and the OPM.
The training session which lasted six days, finally was awarded to the participants the qualifications they earned.
Its worthy notting that the Ministry's assessment and the Inistute became the same, so it can be inferred that the right people were selected for this task.

PFM Pillar 3 Technical Working Group Meeting.

_________________________________________________
hargiesa 21 11, 2019 (MFD) The PFM Reform Coordination Department has conducted PFM Pillar 3 Technical Working Group Meeting.
Pillar 3 is designed to improve Financial Management and Reporting; it is a vital Pillar to ensure transparency and achieve accountability in the management of public resources.
This is critically important for realizing PFM reform objectives.
The Technical Working Group Meeting takes place in the Accountant General’s Office and  is chaired by the Director General of the Ministry of Finance Development Mr. Mohamed Abdi Gurhan and participated by key departments from the Ministry of Finance Development.
The PFM is designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030

Somaliland Finance Minister Attends Nairobi Conference on Investment Opportunities


 Nairobi 21 11,2019 (M.F.D)- A large scale Conference on Infrastructures and Investments in Somaliland opened to day at the Fairmount Norfolk Hotel in Nairobi and involved a large number of delegates from different countries.
The meeting was attended by Somaliland Finance Minister Dr. Saad Ali Shire, Minister of Foreign Affairs Pro.Yasin Haji Mohamud Faraton, Ambassador to Kenya Amb. Awil, and his Deputy Amb. Guelleh and other officials of the Somaliland government.
The conference, which is important for Somaliland, was organized by the Somaliland Embassy in Kenya, which analyzed in depth investment Opportunities in Somaliland.

Somaliland minister of finance development accompanied by ministry officials has submitted Government budget for year 2020 which is exceeds by 18 % the preceding year to Somaliland House of Representatives for endorsed


Hargeisa 19 11,2019(MFD) In line with Somaliland article 55, sub article 4, on behalf of the government, Somaliland ministry of finance development which have the mandate of preparing Somaliland government annual fiscal has submitted to Somaliland House of Representatives Somaliland government budget for fiscal year 2020 to be approved.  While submitting the budget, the minster, Dr. Sacad Ali Shire was accompanied by deputy minister, Abdiqadir Sheikh Mohamoud, Director General, Mohamned Abdi Gurxan and number of ministry officials.  Just before submitted to the new budget to House of Representatives, the same was unanimously approved by Somaliland council of ministries chaired by Somaliland president, his Excellency, Muse Bihi Abdi.

The new budget amount reflects the ministry of finance development firm commitment to budget transparency. These budget forecasts aim at implementing policy decisions made Somaliland government while considering macroeconomic objectives. The budget answers Somaliland government policy priorities and delivering more and better services to the Somaliland people. The overall figure shows significant increase government’s budget. The term ‘budget’ means the annual estimates of the revenues and expenditures of Somaliland government.

Budget in Somaliland schilling

Equivalent amount in US  dollar

S/Shilling 2,751,304,880. 098

US $ 458,550,813.50

According the government spending, the projected budget will focus Security, searching the recognition, health development, Water resources, Education, Education, Elections, Environmental and wildlife care, Agriculture and fisheries, Minerals and energy and Economic infrastructures. The same are listed in the following table:

 No.

Budget priorities areas 

1

Security

2

searching the recognition

3

health development

4

Water

5

Education

6

Elections

7

Environmental and wildlife care

8

,Agriculture and fisheries,

9

Minerals and energy

10

Economic infrastructures

11

Job creation

12

Decentralization

The public financial management office and Auditor General held a meeting


Hargiesa 16 11, 2019 (WHM) The public financial management office and Auditor General held a meeting, attended by members of the press and civil society took place in Hargeisa.

The meeting were discussed how to work together media organizations, civil society, Auditor General and Public Financial Management office (PFM).

The purpose of the conference was to promote the transparency and accountability.

Training of Trainers

Hargiesa 16 11,2019 The Director General of the Ministry of Finance Hon. Mohamed Abdi Gurhan opened the training of the trainers of the Ministry of Finance. This training is aimed at equipping trainers with the required knowledge, and will last for five days in collaboration with the Ministry of Finance, the Institute of Public Employees and the OPM.

The members were selected from the Departments of the Ministry of Finance and will then pass on the training provided to staff from their respective departments.

It is noteworthy that this is the first time such a ministry has been carried out.

A meeting at the Minister's office


Hargiesa 16 11,2019 (WHM) A Conference on Analysis of Berbera Corridor related to Trade, Transport and Transit, at the office of the Minister of Finance was chaired by the Minister of Finance Dr.Sa'ad Ali Shire.

It was attended by the heads of the relevant agencies and ministries, such as the Ministry of Finance, Ministry of Commerce, Ministry of Transport and Roads, Central Bank, Berbera Port and Chamber of Commerce

 

Presentation about departments’s plan


Hargeies 4 11,2019 (WHM) The Minister of Finance Development Dr.Saad Ali Shire along with the Deputy Minister Abdikadir Mohamud Muhumed and Director General Mohamed Abdi Gurhan listened to reports from various Departments of the Ministry of Finance Development.
The report was about the Department’s plans for their 2020 plan and 2021 which is the short term, as well as the coming five years which is the long term.

 

Second International Public Financial Management Launching


Hargeisa 28 10, 2019 (WHM) PFM Professionalization Program launched the second bunch of International Public Finance Management education. The second phase will be benefited by 70 new entrants who were selected among 189 applicants from across all civil servants of the MDAs through a competitive exam. The objective of this program is to build the PFM competencies within the mainstream civil servants. This will be achieved by enhancing the financial management capacity of government staff.

The core of government staff will be trained to qualify at the CIPFA Diploma level. CIPFA is the leading international public sector professional body, and qualifying at Diploma level will enable successful students to become CIPFA Affiliate members. This will provide a core of professional financial managers within the government.

The Somaliland PFM Professionalization and training Programme is a collaborative program between the Somaliland Government, the University of Hargeisa, CIPFA (Chartered Institute of Public Finance and Accountancy) WYG International, and Michael Parry Consulting LLP. The Programme is funded by a multi-donor trust fund administered by the World Bank.

Training for customs department has held by the ministry


Hargeisa 26 10,2019 (WHM) Somaliland Ministry of Finance Development held Training for Customs Departments, the objective of the training was to help  Customs Department officials taught lessons on statistics and data collection.

Five (5) Days Training on IFRS:


Hargeisa 26 10,2019 (WHM) Somaliland Ministry of Finance Development specially the DRM&PFM Reform Coordination Unit in Collaboration with the Office of the Auditor-General has organized five (5) days International Financial Reporting Standards “IFRS” training workshop. The Participants of the training represent the core staff of the Public Finance Management institutions of the Republic of Somaliland especially, the Auditor General, Accountant General, Ministry of Finance Internal Audit and Public Account Committee senior staff.

The objective of this training was to help participants understand how International Financial Reporting Standards (IFRS) are used around the world and be conversant with workings of the IASB and how these are being changed.

meeting


Hargeisa 24 10, 2019 (WHM) Somaliland's Finance Minister met with the Somaliland House of Representatives Economic Committee.

 

Finance and Commerce Ministers has Launched Economic Partnership Conference


Hargeisa 23 10, 2019 (WHM) A quarterly conference focused on the policy of small and medium enterprises in the country.

Economic conference


Hargeisa 17 10,2019 (WHM)Somali land ministry of finance development has organized high-level economic conferences held in hargeisa university participated by many contributors from Somaliland sectors. Dr Saad Ali shire has opened the meeting, the minister highlighted both the opportunities and challenges with regard Somaliland economy growth.

 

A Validation Workshop for Procedures on Reviewing Auditor General Reports by Public Accounts Committee (PAC)


Hargeisa, 06 10, 2019 (WHM) The PFM reform Coordination Department of the Ministry of Finance Development has organized a-one-day Validation Workshop on Rules of Procedure for Reviewing Auditor General Reports and Functions of the Public Accounts Committee (PAC) at Baraar Hotel.

 

A Validation Workshop for municipal adjustment management


Hargeisa  5 10,2019 (WHM) Somaliland's Ministry of Finance held a two- day validation workshop in Hargeisa about Municipal Adjustment Management, they discussed Money Laundering System. At the end of the workshop mayors and central government sign agreement

Ministry of finance development conduct fruitful brainstorming session


Hargiesa, 25 09,2019 (WHM) Somaliland ministry of finance development conduct fruitful brainstorming session with regard government budget for the fiscal year 2019-2020 participated by a number of government various ministries. The session hold in ministry of finance development.

All government ministries and independent agencies will attend this brainstorming sessions.

Somali-land ministry of finance has introduced a new Somali-land finance management information system.

Tax awareness campaign


Hargeisa 23 09,2019 (WHM) Somaliland ministry of finance development (land revenue department) has lunched tax campaign awareness in Somaliland capital aimed to encourage citizens paying tax.This tax campaign will continue through the remaining period of the current year, 2019.

 

A Three-day Training on IPSAS Cash Basis


The Office of the Auditor General (OAG) in collaboration with the PFM Coordination Unit of the Ministry of Finance Development has organized a three-day training on International Public Sector Accounting Standards, on September 21, 2019, at Maansoor Hotel Hargeisa.

The training equips participant with the skills, principles and practices of the International Public Sector Accounting Standards (IPSAS) Cash Basis and to enable them apply in their respective roles within the Government of Somaliland.

The Participants of the training were drawn from the key financial management institutions and departments including Accountant General’s Office, the Office of the Auditor General, Internal Audit Department of the Ministry of Finance Development and other Departments and institutions

The PFM is designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030

PFM Quarterly Joint Steering Committee Meeting


The PFM Coordination Unit has conducted the PFM Joint Steering Committee (JSC) meeting at Maansoor Hotel, Hargeisa, on September 19, 2019

The JSC is a critical mechanism for gauging reform achievements against plans, and provides oversight and guidance for meeting the PFM pillar of objectives and ensures cohesion and coordination of the various components of the PFM Program.
The JSC was chaired by the Deputy Minister of Finance Development, Honorable Abdulkadir Mohamoud Sheikh and attended by key PFM stakeholders.

The PFM strives to achieve the highest possible efficiency, transparency, and accountability in the allocation, management and use of public finances to meet the GoSL’s development and economic growth priorities

Somliland's Berbera port


Berbera 19 09,2019 (WHM) This is euro news programme about Somaliland port of berbera. In this euro programme, Somaliland president Muse Bihi Abdi, the finance minister Saad Ali Shire and port manager has spoken in this euro news programme written and broadcasted by euro news.

First Aid and Firefighting training held in head quarter of Ministry of Finance Development


Officers came from Somaliland Fire Brigade trained workers of the Ministry of Finance Development in a First Aid and Firefighting training that was held at the head quarter.
The deputy minister Mr.Abdulkader Mohamud participated in the closing

Ministry of Finance Development opened a new office at Buhodle district


Buhodle, 13 09,2019(WHM)The coordinators of the ministries of Finance Development, Livestock, Labor, and Association of women of Buhodle and sport teams inaugurated the Ministry of Finance’s newest office in Buhodle. The building was financed and equipped by the Ministry of Finance and Development.

In their statement, the coordinator of the ministry Mohamed A/Rahman Hiis and the mayor of Buhodle District thanked the minister of Finance Sa’ad Ali his deputy Abdulkader Mohamud and the Director General Mohamed Abdi.

And finally the Coordinator underlined the importance of this office.

The Economic Committee delegation met with businessmen in Burao town


A delegation led by the Minister of Finance Dr. Saad Ali Shire met with businessmen in Burao.
The businessmen have complained to the committe while the Cabinet has promised to solve them.

A delegation led by the finance minister visited Berbera


The Economic Committee of the Cabinet, chaired by the Minister of Finance; Dr Sa,ad Ali Shire visited Berbera and supervised the city's ongoing projects.

Minister of Finance has awarded some revenue office managers


Hargeisa, 17 08, 2019(WHM)- The Minister of Finance Development Sa'ad Ali Shire paid tribute to the managers of customs and Inland Revenue who have reached the target for the last six months.

The Minister explained Goods and Service Tax (GST)


hargeisa,4 08 ,2019(WHM)- The Minister of Finance Dr. Saad Ali Shire has talked about Goods and Service tax (GST).  Recently, the ministry has announced that government will implement sales tax on services especially telecommunication and electricity.

Vice Minister has closed a training at Mansoor Hotel


Hargeisa, 10 8 ,2019(WHM)- The Vice minister of the ministry of Finance Mr. Abdulkader Mohamoud Sheik has closed a training at Mansoor Hotel. This training was about enhancing the security system of Somaliland Public Financial Management System.

Budget Policy Committee had a Meeting at the ministry of Finance


Hargeisa, 29 07 ,2019(WHM)- Minister of Finance has led a meeting with the budget Policy Committee at his office. Budget priorities of budget estimation of 2020 and budget outlook paper report has been discussed.

Training on Statistics and Revenue Forecast has held by the Ministry


Hargeisa, 24,07 2019(WHM) The director of Human Resources Management has opened a training held at the PFM Hall. This training was about statistics and revenue forecast procedures.

Procurement Officers at the Ministry got Training on Procurement Procedure


Hargeisa, 22,07 2019(WHM)- The ministry of Finance has held a training about Procurement Procedure. This training took the procurement officers at the department of Admin and Finance of the Ministry.

The Ministry of Finance has presented a research project related to the trade and transit agreements between Somaliland and Ethiopia


Hargaisa, 17,07 2019(WHM)- The Ministry of Finance developed a research project on Impact of the Trade and Transit agreement with Ethiopia to Somaliland's economy, particularly in businesses and government revenue.

This research funded by the Ministry of Finance Development and participated by Business owners, Entrepreneurs, Berbera port, DP World, Ministry of Commerce and Ministry of Transport.

The Department’s Directors of the Ministry of Finance has presented the performance report of the last 6 months


Hargeisa,15,07 2019 (WHM)- The Department’s Directors of the Ministry of Finance has presented the performance report of the last 6 months: Jan – June

 

Somaliland Government Announced They Will Give back the Expenses incurred to the Plastic Bag Factories Closed by the Government after the Completion of Assessment


Hargaisa, 30,06 2019 (WHM)- The minister of finance and other ministers has visited the plastic bag factories that has been closed by the government. The government announced that they will give them back the expenses incurred by the plastic bag companies after the completion of assessment.

The minister of Finance Has closed two weeks training for the Directors of the ministry


27-jun 2019, The minister of finance Development has closed a 2 weeks training for the directors of the ministry. the training was about leadership and management. The aim of the training was to enhance the managerial capacity of the directors to ensure good governance of the ministry.

The vice-minister has been closed 2 days training for the drivers


25 June 2019, The vice minister of the ministry Mr. Abdulkadir Mohamoud has closed training for the drivers of the ministry. This 2 days training was about the ethical and rules needed for the drivers.

The Director-General has opened a Training for the Drivers of the Ministry


24 June 2019, The DG of the Ministry Mr. Mohamed Abdi Gurhan has opened two days training for the drivers of the ministry. This training was about ethical and rules needed for the drivers.

The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019


22 June 2019, The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019 under the theme of “Promoting Banking and Financial Sector: Connecting People to Banking & Financial Service”.
The planned conference is a two-day event that is scheduled on June 2019. The conference will establish itself as a unique platform for the exchange of knowledge and experience in the area of Banking, Insurance, and Fitch, which brings together all participants in the financial industry.

The Ministry of Finance has arranged training on expenditure payment Procedure


20 June 2019, The Ministry of Finance has arranged training for all admin and finance directors of the government institution. This training was about Expenditure Payment Procedure.

The Ministry of Finance developed has launched a tax registration event in Awdal Borama


17 jun 2019, The ministry of finance has launched an event in Borama. This event was about promoting the TIN (Taxpayers Identification Number).

The vice minister has opened a training about budget Forecasting


20 jun 2019, The vice minister of the ministry Mr. Abdulkader Muhumed has opened a training for the revenue and budget departments. This training was about the best practices of national budget forecasting.

The ministry of Finance Development has Launched the 5 years strategic Plan of the Ministry


17 jun 2019, The ministry of Finance Development has launched the 5 years strategic plan of the ministry. The aim of the strategic plan is to guide the functions fo the ministry.

Ministry of Finance had a lunch together with the directors of the ministry


13 jun 2019, Minister of Finance Development Dr. Saad Ali Shire with the deputy minister and the director general of the ministry has honored a lunch to the Directors of the Ministry.
The purpose was to promote the integration and co-operation of the ministry's branches.

Minister of Finance has Talked about a position that has been temporarily appointed by the president


8 jun 2019The minister of Finance Dr. Saad Ali Shire has talked about a position that has been appointed by the President of Somaliland.

 

 

 

The Minister of Finance has closed a training for the Internal Audit Staff


The minister of finance has closed a training for some of employees of the Internal Audit Department.

This training was about the modern standard of internal auditing.

The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019


The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019 under the theme of “Promoting Banking and Financial Sector: Connecting People to Banking & Financial Service”.

The planned conference is a two-day event that is scheduled in June 2019. The conference will establish itself as a unique platform for the exchange of knowledge and experience in the area of Banking, Insurance and Fitch, which brings together all participants in the financial industry.

The Minister of Finance and the Minister of trade opened one stop shop office at the Ministry of Trade


8 May 2019: The minister of Finance Dr. Saad Ali Shire and the minister of Trade Mr. Mohamoud Sajin has opened a one stop shop office at the Ministry of Trade.

The intention of this office is to unite the business process of taking business licenses in one place, instead of going different offices which are far from each other.

Minister launches better service promise for tax payer


4 May 2019: Minister of Finance Dr. Ali Saad Shire, Minister of Trade and Tourism Mohammed Hasan Sacad Saji, and Chair of Chamber of Commerce Jamal Aideed Ibrahim launched new service charters at an event at the Maan-Soor Hotel. The charters set out rights and obligations of the business community and traders.

Dr. Saad Ali Shire explained the event was to show how the Ministry is changing its approach to one of working with business rather than against them to improve the revenue system.

The Minister said “we are here to change our old thinking to new, as the old approach seems to taxpayers to be not friendly”.

“The old approach separated us into two teams; government and population, tax takers and tax payers, but the new one will be that we help you”

Ministry staff explained that they have published the guidelines of the tax payers and traders and Ministry staff in their dealings with each other. They commented about the energy they had put into starting a new approach with new brochures (Taxpayers Charter and Customs Charter) they will explain the taxpayer duties under the law and set out their rights when dealing with Minsitry staff. The Ministry will keep taxpayer information secret, and traders won’t have their commerciel information revealed.

Chamber of commerce Chair Jamal Aideed Ibrahim said “The Chamber is ready to work hand by hand with the government”. He acknowledges that there are many duties on trade and they will found good feedback if they do their duties. The Minister for Trade and Tourism also made this point.

The vice minister has opened a Revenue Performance Analysis Training

25-04-2019: The ministry of finance has organized a Revenue Performance Analysis Training for the Staff of the Ministry of Finance Development. The vice minister Mr. Abdulkadir Muxumed has opened the training.

The training will enable participants to identify factors that drive revenue, measure the performance of these factors, and take action to maximise revenue collection.

The Ministry of Finance has designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030.

A Training has been closed for the Customs Department Staff


16-04-2019: The customs department employees has been trained  at Burao City. The training was about the customs valuation system.
It is part of the reform which is currently happening happening in the ministry.

3 Days training for the Directors has been opened by The Minister


The Ministry of Finance has organized a three-day training on Leadership, Change Management and Performance Management for the Departmental Directors of the Ministry of Finance Development on April 20-22, 2019
The Training was officially opened by the Minister of Finance Hon Dr. Saad Ali Shire. He emphasized the significance of this training in improving the leadership and Performance Management skills of the senior civil Servants of the Ministry of Finance Development.
Suleiman Yusuf Elmi, PFM Change Management Expert will facilitate the three-day training.

 

A Training has been closed for the Customs Department Staff


16-04-2019: The customs department employees has been trained  at Burao City. The training was about the customs valuation system.
It is part of the reform which is currently happening happening in the ministry.

The Minister of Finance has participated a public event at Golis University


13-4-2019: The minister of finance Dr Saad Ali Shire has taken part a discussion which has held at Golis University.
The discussion was about the relationship between Tax and State Development.

 

Ministry of Finance Development’s Departments Present their Monthly Progress for the Month of March 2019


Hargeisa, Somaliland; 10/04/2019 (W.H.M) – Yesterday, 9th April 2019 the different departments of the Ministry presented their monthly progress of  March 2019 against their plans based on the work plan for 2019. The departments presented their plans, what has been achieved, what has not been achieved, and the challenges faced.

The meeting held at the Minister’s office was led by the Minister, Dr. Saad Ali Shire and the Director General, Mohamed Abdi Gurhan.

During the four-hours long meeting, it was agreed to resolve all the challenges that stood on the way to achieve the departments' plans and to continue such meetings until everything is on track.

Setting up work plans and monitoring progress is something new to the Ministry. This monitoring meeting is the second of its kind in the ministry so far which aims at speeding up  the implementation of the Ministry's plans.

This encourages each department to have its own work plan that it can be track its implementation to monitor its performance.

Since Dr. Saad Ali Shire was appointed as the Minister of Finance Development, there has been a significant change in the way the Ministry works generally. Each officer of the Ministry is given a specific task which can be monitored to assess performance.

Meeting with the Economic Committee of the Somaliland Parliament - 8th April, 2019


The ministry of finance led by the Minister of Finance Dr. Saad Ali Shire has met with the economic committee of the Somaliland parliament.

The minister has updated the current situation of the ministry while the committee has been asked questions related to tax, budget and the current exchange rate.

 

 

Meeting with the Somaliland Central Bank - 7th April, 2019


Ministry of Finance and the Somaliland Central Bank has met at the central bank’s meeting hall. This meeting has been participated by the minister of Finance Dr. Saad Ali Shire, Central bank Manager Mr. Ali Ibrahim Jamac, Director General of the Central Bank Mr. Ahmed Hassan Arwo and 3 committees from the two sides.

The committees has been updated to the minister and the manager of the central bank about their progressive work.

Finally, it has been agreed to boost the activities and held meetings regularly.

 

The Minister of Finance has opened a training for tax collectors - 28/03/2019


The ministry of Finance has launched a training for all Marodijex regional staff of Inland Revenue. This training was about ethics on tax collection.

Minister of Finance Dr. Saad Ali Shire had an opening speech and he mentioned the importance of this training. He stated that the tax collectors are a government ambassadors which reflects the mirror of the government.

Minister of Finance started boosting tax collection campaign - 28/03/2019


First of all, the Ministry of Finance acknowledges all the Somaliland Taxpayers on how they participate on the development of the country and paying taxes.

Taxes has a huge important on development of the nation. The main of government’s source of income is tax. It enables to implement developmental projects and providing social services like security, education, health, paying salaries and economic development.

The Ministry of Finance is informing the people that the ministry has started boosting tax collection on Business Income Tax, Rental Income Tax, Payroll Tax and Goods and Service tax that has been mentioned in law No. 72/2036

Goods and Service Tax has not been imposed by Somaliland Society but it’s been imposed by each and every country’s citizen. For example, the neighbor countries: Ethiopia is 15%, Uganda is 12%, Kenya is 10% while Somaliland is 5% only.

Finally, the ministry of Finance informs citizens about the importance of the implementation of law and regulations of the country.

The Ministry of Finance Development has organized a five-day refresher training for the Internal Audit Department - 26/03/2019


This training equips participants with the skills and knowledge required to conduct quality internal system audits.

The Minister of Finance has supervised the office stations of Hargeisa Inland Revenue Department - 25/03/2019


A team led by the Ministe of Finance Dr. Saad Ali Shire had supervised the Hargeisa office stations on Inland Revenue Department.

The purpose of this supervision was to observe the exact work happening in the offices.

Somaliland Ministry of Finance Dr. Saad Ali Shire has presented a lecture at University of Hargeisa. The lecture was about “Development Financing for Unrecognized Country: the case of Somaliland” - 19/03/2019



A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the eastern regions (13-14 March 2019):


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

           

A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the Eastern Regions


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

The vice minister and his team has has arrived to Berbera this morning and then they will go to Togdheer, Sanag and Sool Regions.

On the other hand, this trip for the vice minister was the third one to supervise revenue stations of the country. The previous trip has supervised to revenue stations of the western part of the country: Wajale Customs Station, Kalabaydh Customs Station, Gabilay Inland Revenue office, Abaarso Customs Station, Saylac and Asha-Addo Customs Stations. This trip’s mission is to enhance accountability of the revenue stations officers that will come over again and again.

Furthermore, the intention of this trip is to boost the revenue generation of the country to reach the estimated budget of 2019 so that to implement the development projects in this year’s budget by the government.

This team will assess the exact needs for the revenue station of Inland Revenue and customs that will obstacle the revenue collection activities. These needs can be shortage of offices, furniture and employees.

 

A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the Western Regions


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

The vice minister and his team has has arrived to Kalabaydh this morning and then they will go to far to the other station.

On the other hand, this trip for the vice minister was the first trip to supervise revenue stations of the country. He has supervised all revenue stations of the western part of the country: Wajale Customs Station, Kalabaydh Customs Station, Gabilay Inland Revenue office, Abaarso Customs Station, Saylac and Asha-Addo Customs Stations. This trip’s mission is to enhance accountiblity of the revenue stations officers that will come over again and again.

Furthermore, the intention of this trip is to boost the revenue generation of the country to reach the estimated budget of 2019 so that to implement the development projects in this year’s budget by the government.

This team will assess the exact needs for the revenue station of Inland Revenue and customs that will obstacle the revenue collection activities. These needs can be shortage of offices, furniture and employees.

 

The ministry of Finance had a meeting with Hargeisa Municipality (Feb 11, 2019)                                                                                                                               

The ministry of Financial Development led by the minister Dr. Sa’ad Ali Shire have had a valuable meeting with the Hargeisa Municipality lead by Deputy Mayor Mr. Abdiaziz Caga-weyne.

The minister of Finance rejected the existence of 80 Milyan Dollars Government Debt (Feb 6, 2019)                                                                                         

The minister of Financial Development Dr. Sa’ad Ali Shire has denied the existence of  80 Milyan Dollar government debt.

 

The minister of Finance had made a handover to the previous and the newly appointed Director Generals (Jan 6, 2019)

The minister of financial development Dr. Sa’ad Ali shire has made a handover on the previous Director General Mr. Abdirahman Musabaqo to the newly appointed Girector General Mr. Mohamed Abdi Gurhan.

The minister of Financial Development Dr. Sa’ad Ali Shire had made a budget 2019 speech in front of the Somaliland House of Parliament (Dec 22, 2018)


The minister of Financial Development Dr. Sa’ad Ali Shire had made a budget 2019 speech in front of the Somaliland House of Parliament.

An event about minister’s handover has been held in Ministry’s Hall (Nov 18, 2018)                                                    


A handover event has been held in the ministry of finances Hall. This handover was about the pervious minister of finance Mr. Yusuf Mohamed Abdi and the newly appointed minister Dr. Sa’ad Ali Shire.