By M.A. Egge
The newly appointed Minister of Finance Hon. Abdillahi Hassan Adan emphasized that as he assumes the tasks of the ministry he would make sure that the laws applicable governing the institution would have to be adhered to the hilt.
He gave the sentiments as he took over the office from predecessor Dr. Saad Ali Shire on Tuesday.
He and new Minister of State for the Ministry, Hon. Mawliid Ismail Abdilaahi took over from the previous heads of the ministry.
The handover ceremony, which was held at the Bar Haraf Hotel in Hargeisa and was attended by the Governor of the Central Bank, the National Accountant General, parliamentarians, traditional leaders, senior employees of the ministry and other distinguished guests.
The outgoing minister Mr. Saad Ali Shire, welcomed the new officials appointed by the President to the ministry and briefed them on the vast responsibilities entailed in the ministry.
Hon. Abdillahi, who himself is not a new face in the financial world, noted that his administration would see to it that applicable laws, rules, regulations and tenets that encompass the systemic financial management would have to be adhered to.
“In accordance with the Constitution and laws of the Republic of Somaliland, the Ministry of Finance and Economic Development is responsible for major tasks in the country, including setting the national budget, implementing and enforcing laws to guide the national financial administration, formulating and implementing effective financial, economic, and tax policies, ensuring fair and equitable distribution of economic opportunities, collecting and regulating income taxes in the country, and balancing government revenue and expenditure”, he said.
He pointed out that while fulfilling his mandate, he would focus on establishing an efficient, transparent, financial management system that reflects the extensive work and mission of the ministry for the nation of Somaliland.
