Analysis of Somalia’s revised 2023 budget: A decline in foreign grants
The Federal Parliament of Somalia approved a revised 2023 supplemental budget in a joint session in July 2023. The Federal Government of Somalia’s (FGS) revised budget for 2023 saw slight decline in foreign grants, creating new supplementary budget totaling $917 million, of which $456.88 million is recurrent expenditure (against original estimation of $480.4 million) and …
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