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81
Consolidated Fiscal Reports (FGS & FMS)
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Report
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INTER-GOVERNMENTAL RELATIONS
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Budget Department
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81
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81
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43
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Federal Government of Somalia
Revenue Monthly Trend As of June, 2016 - March, 2017 (SMP Reports)
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1A-SMP-Monthly-Revenue-Trend.pdf 118KB PDF
1A-SMP-Monthly-Revenue-Trend-1.pdf 85KB PDF
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53
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On June 20, the management of the IMF completed the second and final review under the second 12-month Staff-Monitored Program (SMP II) with Somalia, and the Managing Director of the IMF approved a third 12-month SMP (SMP III) covering the period May 2018–April 2019. The SMPs for Somalia are designed to help maintain macroeconomic stability, rebuild key economic institutions, and build track record on policy and reform implementation.
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55
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The need to use country systems (UCS) is an oft-cited international commitment for improved aid effectiveness (Paris Declaration in 2005, New Deal for Fragile States in 2011). But what does it really mean to use systems in practice? How strong do systems need to be before development partners are willing to use them? Why does UCS remain weak, despite international commitments?
In Somalia, the UCS working group (Box 1) has been grappling with these questions over the past three years. The group has identified several reasons why UCS remains low in Somalia:
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52
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Executive Summary
Aid to Somalia reached a record high in 2017. Reported official development assistance (ODA) for Somalia totaled US$ 1.75 billion for 2017. With an ODA to GDP ratio of nearly 26% for 2017, Somalia remains highly dependent on aid.
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55
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Benefits of using country PFM systems Policy brief 3: Sector audiences The aid effectiveness commitments agreed upon in Rome, Paris and Accra call for an increase in the use of partner country systems, in particular the national budget and Public Financial Management (PFM) systems.
Recent assessments show that less than half of aid to governments currently uses partner country PFM systems,1 and that progress has been slow over the past few years.
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52
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43
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Summary of Government Revenue and Expenditure as of June, 2016 - August, 2017 Reports
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5A-SMP-Fiscal-Summary.pdf 67KB PDF
5A-SMP-Fiscal-Summary-1.pdf 67KB PDF
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47
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Expenditures Report as of June, 2016 - March, 2017
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5D-SMP-Fiscal-Summary-by-MDA.pdf 110KB PDF
5D-SMP-Fiscal-Summary-by-MDA-1.pdf 111KB PDF