Jigjiga (Dawan Africa) – The Somali Regional State (SRS) has announced that it collected 18.5 billion Birr (approximately $330 million) for the 2024/2025 fiscal year (Ethiopian Calendar 2017), surpassing the planned target of 17.6 billion Birr (around $314 million). This represents 104.6% of the planned revenue for the year.
President Mustafe Mohamed Omar took to his Twitter account on Wednesday to highlight the revenue increase, attributing it to “tangible progress driven by administrative transparency, political stability, and economic growth in the region.”
“The increase in the revenue collection capacity of SRS since the reform was initiated is a clear reflection of accountability and good governance,” said President Mustafe.
According to the President, this new revenue now accounts for approximately 45% of the total SRS budget, marking a significant increase from 15% in 2018.
Looking ahead, the regional government has set a target to increase revenue to 30 billion Birr (approximately $535 million) in the 2025/2026 fiscal year (Ethiopian Calendar 2018), which would raise the revenue share to 47% of the total budget.
This announcement coincides with a comprehensive evaluation of the performance of regional offices and government administrations for the 2024/2025 year, with a final report detailing the results expected once the evaluation is completed.
While an independent audit of the figures has not yet been confirmed, the data released by the President's office is reported to align with the Ministry of Finance’s figures and other collaborating government agencies.
