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House Approves $340m Budget For Year 2019
Africa

House Approves $340m Budget For Year 2019

Somalia's Lower House of the Parliament on Sunday unanimously approved a $340 million budget for the financial year 2019. All 174 Mps endorsed the budget presented by the Ministry Of Finance. Dr Abdrahman Dualle Beyle pledged transparency and accountability in the wake of a controversial report that alleged loss of over $42M in the last budget. A stalemate in the former Finance and Budget committee delayed the presentation of the budget by the Ministry of Finance until an intervention by the Speaker Mohamed Mursal. Mursal replaced the Chair' Secretary General and several members of the committee and issued a 30 December deadline for the budget to be read. The budget is an increase of $70 million from last years $274 will.