IPF Centers

Get in touch

Center for Fiscal Analysis in Somalia

The Center for Fiscal Analysis is designed to strengthen Somalia’s fiscal management by providing comprehensive analysis, research, and advisory services. Adapting international best practices to the Somali context, the center will focus on improving public finance transparency, revenue forecasting, budget analysis, and fiscal policy assessment to ensure sustainable development and economic stability.

Vision:

To become the leading institution in Somalia for independent fiscal analysis, promoting sound fiscal policies and contributing to economic stability and growth.

Mission:

To enhance the capacity of public and private institutions by delivering evidence-based fiscal analysis, facilitating informed decision-making, and fostering transparency and accountability in public finance.

Strategic Objectives:

  1. Promote Evidence-Based Fiscal Policy Development:

    • Conduct independent analysis of fiscal policies and provide recommendations to improve budget efficiency.
    • Assess the impact of fiscal measures on socio-economic outcomes to guide policy reforms.

  2. Strengthen Budget and Expenditure Analysis:

    • Provide real-time tracking of budget implementation to ensure alignment with development goals.
    • Analyze public spending to identify inefficiencies and propose improvements.

  3. Enhance Revenue Forecasting and Fiscal Planning:

    • Support the Ministry of Finance in developing revenue forecasts and expenditure frameworks.
    • Monitor the performance of tax and non-tax revenues and identify trends and potential risks.

  4. Foster Transparency and Public Engagement in Fiscal Governance:

    • Publish accessible reports on fiscal performance to promote public understanding and engagement.
    • Facilitate dialogue between government, civil society, and international partners on fiscal matters.

Core Programs and Services:

  1. Fiscal Policy Analysis and Research:

    • Analyze the impact of fiscal policies on economic growth, poverty reduction, and public service delivery.
    • Provide sector-specific analysis of public expenditures, focusing on health, education, and infrastructure.

  2. Budget Monitoring and Reporting:

    • Develop budget monitoring tools to track expenditure performance.
    • Produce quarterly and annual reports evaluating government budget performance.

  3. Revenue Forecasting and Tax Policy Advisory:

    • Support the development of reliable revenue forecasting models.
    • Evaluate the effectiveness of tax policies and recommend strategies for broadening the tax base.

  4. Capacity Building and Training:

    • Provide workshops and training for government officials on fiscal analysis, budgeting, and revenue forecasting.
    • Facilitate peer learning and knowledge-sharing platforms for public finance practitioners.

Governance and Operational Structure:

  • Advisory Committees: Include experts from government, academia, and international organizations to provide strategic advice.

  • Program Divisions:

    1. Fiscal Policy and Research
    2. Budget Analysis and Monitoring
    3. Revenue Forecasting and Advisory Services

Monitoring and Evaluation Framework:

  • Key Performance Indicators (KPIs):

    • Number of fiscal reports published annually.
    • Improved budget execution rates as a result of the center’s recommendations.
    • Enhanced accuracy in revenue forecasting models used by the Ministry of Finance.

  • Annual Fiscal Performance Review:

    • Provide an in-depth review of government fiscal performance, including analysis of budget adherence, revenue trends, and policy impacts.

International Best Practices Adapted to Somalia’s Context:

  1. Open Budget Reporting and Public Engagement:

    • Develop accessible fiscal dashboards to inform citizens about budget performance and government spending.

  2. 2. Peer Learning Networks with Regional Partners:

    • Collaborate with fiscal analysis centers across East Africa to share insights and learn from regional experiences.

  3. Fiscal Policy Impact Models:

    • Use international frameworks for fiscal impact assessments, including the effect of tax policies and subsidies on the economy.

  4. Performance-Based Budgeting Integration:

    • Support the adoption of performance-based budgeting to align public spending with development outcomes.

The Center for Fiscal Analysis will play a vital role in strengthening Somalia’s fiscal governance by promoting evidence-based policymaking, fostering transparency, and supporting government efforts to achieve sustainable development. Through rigorous analysis, capacity-building initiatives, and knowledge-sharing platforms, the center will provide the tools and insights needed to improve fiscal performance and economic resilience in Somalia. This institution will ensure that fiscal decisions are data-driven, transparent, and aligned with national priorities, creating a stronger foundation for long-term economic growth and development.
Follow us