Somalia MPs Debate $1.37bn Budget

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Somalia’s Parliament has begun formal deliberations on the proposed 2026 national budget, valued at $1.37 billion, after completing its first reading. Deputy Finance Minister Abdiqafaar Elmi Hange said the plan introduces an Activity-Based Budgeting system linking expenditures to specific programs and results. The proposal relies heavily on external grants totaling $828 million. Some MPs criticized the limited consultation, but committees will now review the draft before a second reading and expect approval.