Government Signals Focus on Economic Stabilisation and Growth

The Federal Government of Somalia has reiterated its focus on economic stabilisation and growth, highlighting priorities aimed at strengthening fiscal management and supporting private sector development.

Officials from the Ministry of Finance stated that recent policy measures are intended to improve revenue mobilisation, enhance budget discipline, and create a more predictable business environment. They emphasised that economic stability remains critical to sustaining public services and development initiatives.

The government noted progress in areas such as domestic revenue collection and public financial management reforms, while acknowledging persistent challenges related to inflation, unemployment, and infrastructure gaps. Authorities indicated that efforts are underway to address these challenges through targeted policy interventions.

Private sector representatives have welcomed signals of economic reform, stressing the importance of regulatory clarity and consistent policy implementation. They noted that investor confidence depends on transparent governance and a stable macroeconomic framework.

Economists observe that Somalia’s economic recovery will require coordinated action between government institutions, the private sector, and development partners. They caution that reforms must be accompanied by measures to protect vulnerable populations from economic shocks.

The government reaffirmed its commitment to pursuing policies that promote inclusive growth and long term economic resilience.