Government-by-Government Assessments: Somalia
The government made significant progress by publishing its executive budget proposal within a reasonable period. During the review period, the government published its enacted budget and end-of-year report online within a reasonable period. The government published external debt obligations. Budget documents were substantially complete. Some ministries may have maintained off-budget accounts not subject to audit or oversight. While actual revenues and expenditures may have deviated from projections, the government issued a revised supplemental budget, but periodic budget execution reports were delayed. The supreme audit institution produced a publicly available review of the government’s accounts. The supreme audit institution did not meet international standards of independence but did publish comprehensive and timely audit reports that contained substantive findings.
Somalia’s fiscal transparency would be improved by:
- Eliminating off-budget accounts or subjecting them to adequate oversight and audit; and
- Ensuring the supreme audit institution meets international standards of independence;