Saturday, July 21, 2012

Where are Somalia's missing millions?




http://aje.me/O0kDTh

FINDINGS IN THE LEAKED UN REPORT:
  • Out of every $10 received by Somalia's transitional government between 2009 and 2010, seven dollars are unaccounted for.
  • Back in May the World Bank said $131m in government revenues were unaccounted for from that same period.
  • The UN report says almost a quarter of government spending in 2011 – or more than $12m – was what it calls "absorbed" by the office of the president, prime minister and the parliamentary speaker.
  • The report also says that a further $40m in government revenues in 2011 could be missing.

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