He said the country's national budget was around $250 million, funded completely by its own resources.
Its economy is largely based on selling livestock - goats and cattle - to Arab countries, while it also relies heavily on the remittances of its diaspora community.
"Remittances from overseas prop up the economy to the tune of about a billion dollars a year," Dualeh said.
Yet, this is not to suggest that Somaliland is a thriving prosperous country, quite the contrary. A recent World Bank study ranks Somaliland as the fourth poorest country in the world based on GDP per capita. Heavily dependent on its diaspora, Somaliland struggles to generate decent levels of domestic revenue, and is in dire need of reforms of its private and financial sectors.
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