Muuse Biixi is looting Somali land through budget schemes, and no one can stop him.

[galbeedi]

On April 9, 2018,  the Somaliland cabinet had approved a budget in the amount of 1,867,000,000,000. One trillion and six hundred eighty seven billion, and   Since the exchange rate is  $1=10,000 Somaliland shillings, that is the equivalent of $187,000,000 dollars.

 

The 2017 budget was $362,517,393. This years budget is 110% less than that of last year. How did that happen. Although in order to deceive the parliament , they have revised the numbers and added another $50 million at the last minute .

 

If the so called experts and the opposition parties do not catch the huge discrepancies of these budgets , the ordinary people has no business to scrutinize or  examine the numbers.

 

In 2017, former finance minister Samsam Cabdi released a budget of 2, 175,104,355,662 SS, which they say was an equivalent of $362,517,393. 

 

last year in 2017, the Somaliland shilling was hovering between eight to nine thousand dollar. In the summer of 2017, just few months after the budget released the dollar hit ten thousand shillings. Rather than use the market rate or the approximate official exchange rate which was fluctuating between 9,000and 10,000, the Jeegaan used the lowest rate of exchange which was impossible even for the bank at the rate of 6,000 Shillings for a dollar.

 

Governments usually do estimate their revenue earnings conservatively Im roder to avoid huge swings or a deficit from the original estimate. Now,  using the market rate , the budget of 2017  should have been $217,510,355 or two hundred and seventeen million.  in order to inflate the budget from 217 million to 362 million which is an  increasing of almost an extra $150 million, they have to use an exchange rate  of six thousand shilling to the dollar  which doesn't exist in Somaliland.

 

By cooking the books they could get 40% more from the shilling than it could produce. In order to cover the gabs of the false estimate, they must print more shillings to cover the 40% gap.

 

Let me give you unexampled: You give some one 20,000 shilling and you tell him this is part of your salary as the equivalent of $4 American dollars. By giving this person four dollars , the exchange must be 5,000 Shillings per dollar. If that person goes to the market and the exchange rate becomes 10,000 per dollar in the market, you did not give him $4 but 2. He already lost half of the money. So, in order to cover these shortcomings, the government must print more money and give that person 40,000 Shillings to get four dollars.

 

Folks, in a nut shell, that is the basic problems of the false money paper called Shillings in Somaliland and the inflation that robbed people of their savings.

 

The corrupt family oligarchs who run Somaliland for the last seven years used these schemes and told  the gullible public, the opposition parties and the international community that the Somaliland budget has increased five or six teams.

 

How can a budget that was $362 million a years ago shrined to $187 million, almost 100% less than last year. It is all about cooking books. If you remove the world bank projects that was added to the budget, the actual Somaliland budget is around $175 million.

 

Muuse Biixi took 7.5% of the budget.

 

Now, let is focus the title of the  main topic.

 

The office of the president or an office that manages less than $200 million dollars is taking 7.5% of the budget or $12.5 million . 

 

That is almost the exact amount the of the budget the entire ministry of education with thousands of teachers  were allocated..It is almost  less than just over one percent of the budget for the health care of the entire people of Somaliland. Even if this man has 30 staff to assist, advice and manage his office, that could  not reach even a million dollar a year. During the reign of the RAyaale regime , the ministry of the presidency ( Wasaarada Madaxtooyada) used to spend  just over a million dollar a year,  yet the hungry tribe that was agitating to replace him used to write stories comparing his salary to the white house and other leaders while full well knowing that the million dollar was for the whole office of the presidency.

 

Siilaanyo went from the Rayaale\s  million to nine million, and now the new guy is taking almost $13 million dollars. That is over one million dollar a month. .Here in Canada with a population almost 40 million people, the office of the prime minister with three dozen staff spends an average yearly budget of 6-7 million. 

 

This is  a day light robbery of public purse and theft. No one is asking him to produce invoices or expense accounts; there is no budget committees that scrutinizes the expenditure of the office of the president. This is what you get when discard institutions and the system that supposed to guard the public purse. Worse of all , no one is complaining. If the man stealing the milk of your children, the water walls from your rural communities and medicine from hospitals is your clan, you should be quite and support him against others. If there is no save guard, the greedy warlords will steal with vengeance.

 

Let me give you few strange break downs of the 2018 budget.

 

$142,205 for news papers and books for government ministries and agencies. The office of the president alone is spending $40,000 for news papers. I wonder who has this contract to provide papers for the government.

 

The program to build water reservoirs for the rural people is allocated for $100,000 dollars only. $60,000 was allocated for  the necessary buying the medicine for hospitals, and  $5000 for education  travel and exams. Papers for the dear leader to read are more important than water reservoirs for the rural people and hospitals.

 

 

The ministry of finance is taking almost 12% of the budget. Why would you spend $20 million to collect $140 million. The plan is some of that money would be used later for the discretionary of the dear leader.

 

I could go on and on, but you probably got the message.

 

Folks, the people of Somaliland had not only been lied constantly, but also abused and robbed. There are no journalists who could go and investigate these issues related to the cooking of the books and false budgets. 

 

Anyone can create a false paper, print trillions of it and exchange 10,000 to one.  If you print enough money that is equivalent of the economic out put of the so called country, you might control the exchange rate to remain reasonable, but if you print to loot the dollar from the people the false currency would collapse.

 

Muuse biixi is in office for four months , yet he stole millions already and the sad part is no one can stop him.

[Saalax]

Very informative. Thanks galbeedi.