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#Somalia takes stock of public finance to address corruption

By Tajuddin
In BUSINESS
Oct 21st, 2015
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The fight against financial and administrative corruption is one of the important priorities of the Federal Government of Somalia

The fight against financial and administrative corruption is one of the important priorities of the Federal Government of Somalia

Mogadishu ( DIPLOMAT.SO) – As parts of efforts aimed at fighting corruption and stealing public funds, Somalia’s government has taken an unusual ambitious plan designed to improve public finances system marred by fraud and corruption.

Somalia’s Accountant-General Ahmed Yusuf Mumin (Siraj) has summoned officials from public finance sectors for accounting purposes to review their leadership and public funds administration formula, collecting reports that would be subject to examination.

During Tuesday’s meeting which was attended by 70 officials, the Accountant-General has also taken note of how the public finance administrators used the new Financial Management Information Systems (FMIS) which support the automation and integration of public financial management processes including budget formulation, execution.

With the help of the World Bank, the new FMIS scheme was launched after reports of corruption by officials within the government, as the United Nations Monitoring group has issued several reports implicating top officials for corruption allegations for the past few years.

Accountant-General Ahmed Yusuf Mumin (Siraj)

Accountant-General Ahmed Yusuf Mumin (Siraj)

Mr. Yusuf told reporters after the meeting that the assessment is aimed at enhancing public finances’ management to enable the implementation of good governance in Somalia.

“During the meeting we have also exchanged ideas on how we can prepare the 2016 budget for the government.” He said.

The development comes after the Somali and international stakeholders agreed to establish a joint financial management board in order to ensure transparent dispensation of government and donor funds in 2012. The public sector was later completely reformed in mid-2012, following the end of the transitional period and the establishment of the Federal Government of Somalia.

Despite the new security and development progress, Somalia continuesto stay on top of the world’s most corrupt countries’ list every year with widespread backroom deals seem to be occurring all the time.

Last week, a new research by Transparency International has put Somalia and North Korea on a red colour in the new map of the world’s most corrupt nations, denoting a high-level of corruption while Afghanistan is among the nations praised for making great improvements, rising by five points since 2013.

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