Country Report Somalia February 2011

The Somaliland Republic: Ports remain the mainstay of revenue

The government is expected to present its 2011 budget for parliamentary approval in February, but there has been an early indication of how it will afford to double the state wage bill. On January 12th a local media organisation, Somaliland Press, reported that record high revenues had been collected from customs and duties in December, representing a year-on-year increase of 24.3%. Total revenue from fifteen entry and exit points was SoSh30.4bn (US$5.2m) in December 2010, compared with SoSh24.5bn for December 2009. The port at Berbera, by far the largest contributor to the Treasury's coffers, raised 75% of this total in December 2010, compared with 72% in the previous December. In absolute terms, Berbera raised SoSh17.7bn in December 2009, a sum that increased by 29% in December 2010 to SoSh22.8bn. Since taking up the finance portfolio, Mr Elmi has reshuffled the country's customs officers and appointed a new managing director, as well as implementing a new system by which all customs offices can be audited.

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