Somaliland Ministry of Finance Achieves Historic Revenue Surge, Bolstering Economic Growth

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The Ministry of Finance and Economic Development of Somaliland has announced a landmark achievement in national revenue collection, marking a significant milestone in the country’s economic progress. Under the leadership of Minister Hon. Abdilahi Hasan Aden, State Minister Hon. Ismail Mawlid Abdilahi, and Director General Mr. Mohamed Hassan Saleban, the Ministry has implemented transformative reforms that have led to a substantial increase in domestic revenue, positioning Somaliland as a model of financial innovation in the region.

A recent collaborative campaign targeting vehicle tax compliance, executed by the Inland Revenue Department, the Tax Protection Unit, and the Traffic Forces, has significantly boosted revenue streams. This initiative reflects the government’s commitment to enforcing tax laws, promoting fairness, and fostering a culture of financial accountability among citizens and businesses.

The Ministry has also unified tax collection records across government institutions and introduced training programs for financial personnel, enhancing transparency and efficiency. These efforts have strengthened public trust and supported the timely preparation of the 2026 National Budget, completed in line with international standards.

Quarterly performance evaluations and operational reviews of regional Inland Revenue offices have further streamlined processes, ensuring high-quality service delivery. “These achievements are the result of a clear national vision and unified leadership,” said Minister Aden. “We are building a robust financial system that supports public services, creates investment opportunities, and elevates Somaliland’s global standing.”

The Ministry’s success underscores Somaliland’s growing reputation as a beacon of economic stability and innovation in Africa, paving the way for enhanced public services and sustainable development.