News / Africa

Report: Somalia Has Not Accounted For Majority of Revenue

Map of SomaliaMap of Somalia
x
Map of Somalia
Map of Somalia
TEXT SIZE - +
VOA News
A World Bank report says the Somali government has not accounted for most of the revenues and donations it received in 2009 and 2010.

The report, released this week, says World Bank auditors found that Somalia's Transitional Federal Government (TFG) received far more money than it has said.

The report's author, Joakim Gundel, said auditors found the government had collected at least $94 million in revenues in 2009.  But the government reported only $11 million in revenues.  

In 2010, auditors found the government collected $70 million in revenues, while the government reported just $22 million.

“There is a discrepancy in what comes in and there’s a lack of accounting of how money has been spent," said Gundel. "So that opens naturally a big question mark for sure."

Gundel said discrepancies appear to back assertions made one year ago by a Somali government whistleblower.

The former chief of Somalia's public finance unit, Abdirizak Fartaag, said an audit found strong evidence of mismanagement and misappropriation of funds.

The World Bank report said not all revenues and donated funds are deposited in the central bank, and it is not clear where they go.

“What we did observe is that in relationship to the bilateral funds, donations often they are given directly to individual government members and do not exactly specify exactly who and how," said Fartaag. "But such donations appear to have happened.  But we did find and did make observations that this money is not fully deposted in the central bank, sometimes it’s only partly.

The report found the United Nations-backed government has no real accounting system nor does it publicly disclose financial statements.  It also said the weak transitonal government lacks transparency, making it difficult for auditors to fully assess the country's finances.

Gundel said the unaccounted for money could significantly bolsters Somalia's security without relying on foreign donations.

The weak transitional government has received significant foreign aid and donations to help it address persistent conflict, instability, poverty, food shortages and an insurgency by al-Shabab militants.

Under a U.N.-brokered roadmap, Somalia is to form a post-transition government.  The plan calls for the adoption of a new constitution by July 1 and parliamentary elections to be held on August 20.

Somalia has not had a stable central government in more than 20 years, since warlords overthrew President Mohamed Siad Barre.

You May Like

Multimedia Anti-Keystone XL Protests Continue

Demonstrators are worried about pipeline's effect on climate change, their traditional way of life, health and safety More

Thailand's Political Power Struggle Continues

Court gave Prime Minister Yingluck Shinawatra until May 2 to prepare her defense over abuse of power charges but uncertainty remains over election timing More

Malaysia Plane Search Tests Limits of Ocean Mapping Technology

Expert tells VOA existing equipment’s maximum operating depth is around 6 kilometers as operation continues on ocean bed for any trace of MH370 More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Pet Kangaroo Helps Spread Environmental Messagei
X
Penelope Poulou
April 22, 2014 5:53 PM
Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pet Kangaroo Helps Spread Environmental Message

Children’s author Julia Heckathorn travels the world to learn about different ecosystems and endangered animals. She pours her knowledge into children’s books, hoping the next generation will right the environmental wrongs of our times. As in many children's books, the main character in Heckathorn's stories is an animal. Unlike those other characters, though, this one is real - a kangaroo, that lives in the author’s backyard. VOA’s Penelope Poulou has more.
Video

Video Pro-Russian Separatists Plan 'Federalization Referendum' in Eastern Ukraine

Pro-Russian separatists in eastern Ukraine say they plan to move forward next month with a referendum vote for greater autonomy, despite the Geneva agreement reached with Russia, the U.S. and Ukraine to end the political conflict. VOA's Brian Padden reports from the city of Donetsk in Eastern Ukraine.
Video

Video Pope Francis Hopes Dual Canonizations Will Reconcile Church

On April 27, two popes - John the XXIII and John Paul II - will be made saints in a ceremony at St. Peter’s Square. VOA religion correspondent Jerome Socolovsky says the dual canonization is part of the current pope’s program to reconcile liberals and conservatives in the Roman Catholic Church.
Video

Video In Capturing Nature's Majesty, Film Makes Case for Its Survival

French filmmaker Luc Jacquet won worldwide acclaim for his 2005 Academy Award-winning documentary "March of the Penguins". Now Jacquet is back with a new film that takes movie-goers deep into the heart of a tropical rainforest - not only to celebrate its grandeur, but to make the case for its survival. VOA's Rosanne Skirble reports.
Video

Video Boston Marathon Bittersweet for Many Runners

Monday's running of the Boston Marathon was bittersweet for many of the 36,000 participants as they finished the run that was interrupted by a double bombing last year. Many gathered along the route paid respect to the four people killed as a result of two bombings near the finish line. VOA's Carolyn Presutti returned to Boston this year to follow two runners, forever changed because of the crimes.
Video

Video International Students Learn Film Production in World's Movie Capital

Hollywood - which is part of Los Angeles - is the movie capital of the world, and many aspiring filmmakers go there in hopes of breaking into the movie business. Mike O'Sullivan reports that regional universities are also a magnet for students who hope to become producers or directors.
Video

Video Pacific Rim Trade Deal Proves Elusive

With the U.S.-led war in Iraq ended and American military involvement in Afghanistan winding down, President Barack Obama has sought to pivot the country's foreign policy focus towards Asia. One aspect of that pivot is the negotiation of a free-trade agreement among 12 Pacific Rim nations. But as Obama leaves this week on a trip to four Asian countries he has found it very difficult to complete the trade pact. VOA's Ken Bredemeier has more from Washington.
Video

Video Autistic Adults Face Housing, Job Challenges

Many parents of children with disabilities fear for the future of their adult child. It can be difficult to find services to help adults with disabilities - physical, mental or emotional - find work or live on their own. The mother of an autistic boy set up a foundation to advocate for the estimated 1.2 million American adults with autism, a developmental disorder that causes communication difficulties and often social difficulties. VOA's Faiza Elmasry reports.
AppleAndroid