Somalia Parliamentary Committee on Finance and Budget has released a new report alleging mismanagement of funds at the Ministry of Finance, Radio Dalsan reports.<\/p>\n
In the report which Radio Dalsan is privy to the overaight committee alleges that more than $42M are unaccounted for raising red flags of a major scandal at the Ministry headed by Minister Abdirahman Beilleh.<\/p>\n
Of the funds unaccounted for is $20 million part of $50 million budgetary support from Saudi Arabia granted to the Somalia government in the year 2017.<\/p>\n
According to the report the funds have not been indicated in the 2018 budget.<\/p>\n
$6M is reported to have been withdrawn from the Somalia Central Bank by a local government committee with no full report by the Ministry on how it was spent.<\/p>\n
The report farther claimed that local government employees are illegally deducted 30% from their salary.<\/p>\n
The Banaadir Region Administration has been put on notice to explain how $16.5 million it received between January and June 2018 was spent.<\/p>\n
The committee reports that there is no documentation on the expenditure of the funds by BRA.<\/p>\n
In the report BRA has been accused of missapropriation of funds and lucking an annual expenditure plan.<\/p>\n
The Committee farther accuses Minstry of Finance of failing to collect taxes from banks and the hawala remittance companies.<\/p>\n
The report alleges that $1.5m allocated for humanitarian emergencies including floods and drought was diverted to cater for foreign and local trips and hotel accommodations.<\/p>\n
The committee has ordered the Ministry of Finance to give a full report about the whereabouts of the funds.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Somalia Parliamentary Committee on Finance and Budget has released a new report alleging mismanagement of funds at the Ministry of Finance, Radio Dalsan reports.<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2513","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/2513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/comments?post=2513"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/2513\/revisions"}],"predecessor-version":[{"id":2514,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/posts\/2513\/revisions\/2514"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/media?parent=2513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/categories?post=2513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/subsaharanafricablog\/wp-json\/wp\/v2\/tags?post=2513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}