The Ministry of Finance Development (MoFD) derives its mandate from the Constitution of the Republic Somaliland and other associated subordinate laws, which provide the government’s financial resources for proper budgetary and expenditure management. This includes the Public Financial Management Act, and other Somaliland Revenue and Expenditure Acts and Regulations. The Ministry of Finance Development plays an essential role in the management economy of the country as well as the supervision, control and executive over the short, medium and long term. The ministry is the heart of Somaliland economic and fiscal policy development. It is the executive body that implements and formulates the practical policies of public finance to ensure the country’s economic growth and macroeconomic stability.
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