President Bihi’s Government lied about the size of debt inherited from his predecessor

According to Somaliland government records examined by the Somaliland Chronicle, President Bihi’s government has inherited a sizeable debt from the previous administration of President Ahmed Mohamoud Silanyo and that officials from both administrations have publicly sought to downplay and at times outright lie about the size and gravity of the national debt.

Records show that some of the debt was incurred at the tail end of President Siilanyo’s term with a Presidential decree signed by the former President instructing the Minister of Finance at the time Ms. Samsam Abdi to include the borrowed funds in the 2018 budget. Some of the debt holders are banking and telecom giants of Dahabshiil, Telesom, and the parent company of Somcable MSG

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Drowning in Red Ink – President Bihi’s Government lied about the size of Debt inherited from His Predecessor