FTL Somalia

Somalia Records 30 Percent Increase in Domestic Revenue

Somalia has recorded a 30 percent increase in domestic revenue.

Bihi Egeh, the federal Minister of Finance, announced the increase on Wednesday.

The minister cited the numerous interventions by the government as the primary reason for the increase.

Furthermore, Bihi said that the government earned more revenue from housing and transport.

According to the minister, the increase was achieved in the first quarter of 2024.