This Budget Policy Brief (BPB) is the second assessment of the macroeconomic and fiscal framework for Somalia through the second quarter of 2024 (Q2). It covers the developments of the principle macroeconomic indicators; including economic growth, inflation, the debt burden situation of the country, and the Federal Government of Somalia (FGS) and Federal Member States’ domestic revenue mobilization and expenditure performances. The brief is organized into the following sections: Recent Macroeconomic developments; Government Budget Operations; Fiscal developments outturn; comparison of fiscal operations; Federal Member States financial operations. The analysis underlying the Budget Brief has been facilitated by data made available by the FGS Ministry of Finance, Federal Member States(MFS) and other public agencies.

This Budget Policy Brief was prepared by staff and associates of the Horn Economic and Social Policy Institute (HESPI).

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