By - is Head of Planning and a Producer at Dawan TV,
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GAROWE, November 2, 2026 — Puntland's Council of Ministers has approved a budget of more than $308.2 million for the 2027 fiscal year, according to a statement issued following a Cabinet meeting in Garowe on Monday.
The meeting chaired by Puntland President Said Abdullahi Deni and attended by Vice President Ilyas Osman Lugatoor. Discussions also included review of regional administration's financial plan for coming year.
During meeting, Puntland Ministry of Finance presented its budget report, alongside assessments prepared by technical committees tasked with reviewing domestic revenue generation and government expenditure management.
Following deliberations, Council of Ministers approved total budget of $308,213,973. According to the statement, budget comprises domestic revenue and funding allocated to ongoing development projects.
Statement further indicated financial plan was developed around efforts to increase domestic revenue, manage public expenditure and address potential economic pressures arising from conflicts in Middle East.
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It also stated no reductions had been made to existing entitlements and allowances covered by budget.
Despite exceeding $308 million, Puntland's 2027 budget is lower than allocation approved for previous fiscal year.
Regional administration's 2026 budget stood at approximately $315.78 million, compared with $308.21 million for 2027.
This represents reduction of approximately $7.57 million, or nearly 2.4%, compared with previous year.