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Wasaaradda Maaliyadda | |
Agency overview | |
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Formed | 31 August 1960citation needed] | [
Jurisdiction | Government of Somalia |
Headquarters | Bondhere, Banaadir, Mogadishu 2°2′24″N 45°20′46″E / 2.04000°N 45.34611°E |
Agency executive |
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Parent agency | Cabinet of Somalia |
Website | www |
The Ministry of Finance (Somali: Wasaaradda Maaliyadda), abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Somali federal budget to the Parliament.