President Hassan Sheikh Mohamud hosted federal and regional finance ministers at Villa Somalia.
The Somali President hosted them on Thursday evening.
President Mohamud then commended them for the outcome of the recent fiscal federalism meeting.
Specifically, he mentioned the agreement they reached.
In the federalism meeting, the finance ministers from the Federal Government of Somalia (FGS) and Federal Member States (FMS) agreed to strengthen fiscal federalism.
They also agreed to increase domestic revenue.