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An official website of the Northeast State of Somalia

Ministry of FinanceNortheast State of Somalia
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The Ministry's laws, regulations, tax tariffs and budget acts are now available to download.

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Budget & Finance

The state budget, revenue collection and expenditure — published in the interest of transparency and accountability.

Detailed budget figures will be published here once released by the Ministry. In the meantime, you can follow the budget cycle and read the budget documents below.

The budget cycle

Every year the budget moves through four stages set by the Budget Policy Law.

View the budget calendar

  1. 1 / 4

    Budget preparation

    15 May → 15 August

    • Prepare the Budget Outlook Paper (BOP)
    • Set priority expenditure ceilings
    • Prepare the Macro-Fiscal Framework (MFF)

  2. 2 / 4

    Budget approval

    1 September → 15 November

    • Submit the consolidated budget to the Executive Council
    • Executive Council approves the budget
    • Submit the approved budget to Parliament

  3. 3 / 4

    Budget execution

    15 December → 1 January

    • Notify ministries to implement the approved budget
    • Fiscal year begins — implementation of the approved budget

  4. 4 / 4

    Accounting, reporting & audit

    1 March → 30 April

    • Prepare and submit quarterly budget reports
    • Prepare the annual accounts and financial statements
    • Approve the annual accounts and financial statements

Most recent milestone

15 October

Parliamentary hearings on the budget

Budget approval · Responsible: Parliament's Economic Sub-committee

Next milestone

31 October

Parliament approves the budget

Budget approval · Responsible: Parliament

Budget documents

View all