Ministry of Finance of Somalia (Wasaaradda Maaliyadda): budget, taxes and debt

What it does

• Budget: it drafts the federal budget each year for the Council of Ministers and parliament, consults on it, and reports on spending during and after the year (Ministry of Finance, 2026 Budget Consultation Report; MoF, 2025 end-year budget performance report). Parliament's Joint Finance and Budget Committee questions the ministry on its forecasts and spending plans (Goobjoog). For the numbers, see Budget and taxes.
• Revenue: its Revenue Directorate collects customs duties, sales and income taxes, road tax and rental tax. Domestic collections in 2025 were US$404.31 million (Revenue Directorate, Annual Revenue Performance 2025). See Taxes in Somalia.
• Debt: it publishes a yearly debt management report (MoF, FY2025 Annual Debt Management Report). Somalia reached the end of the debt relief process in December 2023; see Debt and debt relief.
• IMF and World Bank: it leads the economic reform programme under the IMF Extended Credit Facility. In October 2025 the IMF completed its fourth review of the programme (IMF, Press Release 25/341).
• Pay and accounts: it runs the government's financial management system (SFMIS), through which salaries and payments are made. See Government jobs and pay.

Who leads it

Bihi Iman Egeh is Minister of Finance. In September 2026 he said government revenue had doubled in four years, crediting digital tax systems such as the Somalia Customs Management System (SOMCAS) and online platforms for road and rental tax (Dawan Africa, September 2026).

The ministry's site lists a Minister, a Deputy Minister, a State Minister and a Director General, Suliman Sheikh Omar, who runs day-to-day work (Ministry of Finance, Leadership). Egeh has held the post since 12 July 2023, when he replaced Elmi Mohamud Nur (Wikipedia, Bihi Egeh).

Its own budget lines

The 2027 budget the ministry sent to parliament totals US$1,260,342,662: US$644 million for running costs and US$616 million for donor-funded projects. The ministry's own lines in it (Appropriation Act for 2027, as submitted):

For the first nine months of 2026 the ministry reported revenue and grants of US$619.24 million, 45.6 percent of the year's budget. Domestic revenue was US$304.75 million, 6.6 percent more than in the same months of 2025, and donor grants were US$314.48 million, 35.8 percent of plan (Budget performance report, end Q3 2026). For every federal body's budget, see Every federal government body and its budget.

Finance ministers since 1956

The full list with sources is on finance ministers of Somalia. In short, from the list kept on Wikipedia, which gives some overlapping dates for 2012 to 2014:

• 1956 to 1969: Salad Abdi Mohamed, Osman Ahmed Roble, Abdulkadir Mohamed Aden, Awil Haji Abdullahi Farah, Ali Omar Shego and Sufi Omar Mohamed.
• 1969 to 1991: Mohamed Abdi Arrale, Ibrahim Megag Samatar, Mohamed Yusuf Weirah (twice), Abdirahman Noor Hersi, Abdullahi Ahmed Addow, Mohamed Sheikh Osman (twice), Abdullahi Warsame Nur, Abdirahman Jama Barre and Mohamed Gelle Yusuf.
• 2000 to 2012: Sayid Sheikh Dahir, Hussein Mahmud Sheikh Hussein, Hasan Muhammad Nur Shatigadud, Muhammad Yusuf Weyrah, Muhammad Ali Hamud, Sharif Hassan Sheikh Aden, Hussein Abdi Halane and Abdinasir Mohamed Abdulle.
• Since 2012: Mohamud Hassan Suleiman, Hussein Abdi Halane, Mohamud Ibrahim Adan, Abdirahman Duale Beyle (2017 to 2022), Elmi Mohamud Nur (2022 to 2023) and Bihi Iman Egeh (since 2023).

Plans for 2026 to 2030

The Public Financial Management Reform Strategy for 2026 to 2030, dated 31 March 2026, sets out plans to extend SFMIS to the member states, oversee state-owned enterprises and manage fiscal risks (MoF, PFM Reform Strategy). Consultations on the 2027 budget began in 2026 with a focus on raising domestic revenue (Dawan Africa).

Money from abroad

Donor grants still pay for a large part of the federal budget: $516 million in 2025, more than the government's own revenue (Budget and taxes). The ministry has said that cuts in international aid have hit education and health (Dawan Africa), and in 2026 that Turkish budget support had stalled (Garowe Online). See Aid and humanitarian funding.

How to use it

• Reports: budgets, budget performance reports, debt reports and revenue reports are free on mof.gov.so and revenuedirectorate.gov.so.
• Paying tax: businesses register with the Revenue Directorate; many taxes can now be paid online or by mobile money.

Its legal basis

The 2012 Provisional Constitution, as amended in 2024 and 2026; the Public Financial Management Act; the annual Appropriation Act passed by parliament.