Govt Approves $1.38bn Budget for 2026

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Somalia’s parliament has approved a $1.38 billion national budget for 2026, outlining government spending priorities for the coming fiscal year. The budget includes allocations for public administration, economic management, and climate-related risks, including drought response. Lawmakers said the plan is intended to support fiscal stability and address economic vulnerabilities. Finance officials noted that limited funds have been set aside for drought management amid concerns over potential climate shocks affecting growth and public finances.