The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Bayle, has dismissed a statement posted on social media by Farmajo's propaganda group.
The minister accused the individuals of spreading politically motivated propaganda that the previous administration had left money in the government's coffers to cover the budget for the next six months, which he described as nonsense.
The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Bayle, announced that the new government inherited an “empty” treasury, hinting that the exorbitant money had been stolen during the Farmajo regime.
Minister Beyle, denied what he described as baseless allegations that appeared on social media that he said that Farmajo left behind the government treasury full of money, and confirmed that Farmajo left the treasury empty of funds.
Bayle said loudly that there was no more money in the government's coffers than the salaries of employees and the armed forces, which will be paid on the twenty-fifth of this month.
The minister further said that local revenue is very low, as the government collects taxes only in Mogadishu where the airport and port act as nerve financial centres.
The minister announced that the salaries of the next five months are not currently in his hands.
Last month, the finance minister presented the federal budget of $918.7 million to the Cabinet, which was approved and now awaits parliamentary approval, an increase of $247.7 million over last year's budget, which was $671 million.
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