USAID DEC
The Federal Republic of Somalia Parliament has published a document titled "KORMEERKA MAALIYADEED" in 2021.
2021 · 83 pages

Abstract
The document outlines the country's financial management system, including the revenue act and the public financial management act. The revenue act, also known as the XEERKA DAKHLIGA, is a key component of the financial management system. It outlines the framework for generating revenue for the government, including taxation and other sources of income. The public financial management act, or SHARCIGA MAAREYNTA MAALIYADDA GUUD, provides the framework for managing public finances, including budgeting, accounting, and auditing. The document highlights the importance of transparency and accountability in financial management. It emphasizes the need for clear and accurate financial reporting, as well as the importance of ensuring that public funds are used efficiently and effectively. The document also outlines the roles and responsibilities of various institutions and individuals in the financial management system. It highlights the need for coordination and collaboration between different stakeholders, including the parliament, the government, and civil society organizations. The document provides a detailed analysis of the financial management system in Somalia, including the revenue act and the public financial management act. It highlights the challenges and opportunities facing the country in terms of financial management, and provides recommendations for improving the system. The document is divided into several sections, including an introduction, a review of the revenue act and the public financial management act, and a discussion of the roles and responsibilities of various institutions and individuals in the financial management system. It also includes a section on the implementation of the financial management system, as well as a discussion of the challenges and opportunities facing the country in terms of financial management. The document highlights the importance of financial management in achieving the country's development goals. It emphasizes the need for a robust and effective financial management system that can support the country's economic growth and development. The document is a valuable resource for policymakers, practitioners, and researchers interested in financial management in Somalia. It provides a comprehensive overview of the country's financial management system, including the revenue act and the public financial management act, and highlights the importance of transparency and accountability in financial management. The document emphasizes the need for a robust and effective financial management system that can support the country's economic growth and development. It highlights the importance of coordination and collaboration between different stakeholders, including the parliament, the government, and civil society organizations.
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