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Prez Sirleaf signs into law current Fiscal Budget

Benjamin S. Taingay
President Ellen Johnson-Sirleaf
President Ellen Johnson-Sirleaf

(elbcradio.com/Liberia/Nov. 29, 2014)-President Ellen Johnson-Sirleaf has signed the 2014/2015 Fiscal Budget into law, but has, however, vetoed a line item.

The line item, vetoed by President Johnson-Sirleaf, calls for signature bonus of US$25m on account of oil blocks.

An Executive Mansion release quotes the Liberian Leader as saying: “In good conscience, I had decided to exercise the right and mandate granted under Article 35 of the Liberian Constitution to veto this line item under the Additional Revenue Section 3b(f) of the budget.”

She argued: “This decision, taken because the process in the sale of oil blocks has not been concluded, will resultantly affect the several appropriations contained in the schedule presented to the minister.”

The Liberian then thanked the Legislators for the time and effort they had out into debating and passing the budget.

“It had been a long and difficult process, given the decline in revenues and the attention required to address the Ebola epidemic,” she said.

President particularly thanked the joint Ways and Means Committees of both the Senate and House of Representatives for working collaboratively along with the Ministry of Finance and Development Planning to finalize the process.

She reminded the lawmakers that the Liberian people and institutions have been patient in waiting for the budget to be able to recommence operations stalled, because of the Ebola fight.

The President added: “We now have the means to move forward with the fullest commitment and dedication to meet our targets under the Agenda for Transformation.”

The 53rd National Legislature recently passed the budget, increasing its re-adjusted revenue envelop from over US$473m to US$660m.

(elbcradio.com/Liberia/Nov. 29, 2014)-President Ellen Johnson-Sirleaf has signed the 2014/2015 Fiscal Budget into law, but has, however, vetoed a line item.

The line item, vetoed by President Johnson-Sirleaf, calls for signature bonus of US$25m on account of oil blocks.

An Executive Mansion release quotes the Liberian Leader as saying: “In good conscience, I had decided to exercise the right and mandate granted under Article 35 of the Liberian Constitution to veto this line item under the Additional Revenue Section 3b(f) of the budget.”

She argued: “This decision, taken because the process in the sale of oil blocks has not been concluded, will resultantly affect the several appropriations contained in the schedule presented to the minister.”

The Liberian then thanked the Legislators for the time and effort they had out into debating and passing the budget.

“It had been a long and difficult process, given the decline in revenues and the attention required to address the Ebola epidemic,” she said.

President particularly thanked the joint Ways and Means Committees of both the Senate and House of Representatives for working collaboratively along with the Ministry of Finance and Development Planning to finalize the process.

She reminded the lawmakers that the Liberian people and institutions have been patient in waiting for the budget to be able to recommence operations stalled, because of the Ebola fight.

The President added: “We now have the means to move forward with the fullest commitment and dedication to meet our targets under the Agenda for Transformation.”

The 53rd National Legislature recently passed the budget, increasing its re-adjusted revenue envelop from over US$473m to US$660m.

The line item, vetoed by President Johnson-Sirleaf, calls for signature bonus of US$25m on account of oil blocks.

An Executive Mansion release quotes the Liberian Leader as saying: “In good conscience, I had decided to exercise the right and mandate granted under Article 35 of the Liberian Constitution to veto this line item under the Additional Revenue Section 3b(f) of the budget.”

She argued: “This decision, taken because the process in the sale of oil blocks has not been concluded, will resultantly affect the several appropriations contained in the schedule presented to the minister.”

The Liberian then thanked the Legislators for the time and effort they had out into debating and passing the budget.
“It had been a long and difficult process, given the decline in revenues and the attention required to address the Ebola epidemic,” she said.

President particularly thanked the joint Ways and Means Committees of both the Senate and House of Representatives for working collaboratively along with the Ministry of Finance and Development Planning to finalize the process.

She reminded the lawmakers that the Liberian people and institutions have been patient in waiting for the budget to be able to recommence operations stalled, because of the Ebola fight.

The President added: “We now have the means to move forward with the fullest commitment and dedication to meet our targets under the Agenda for Transformation.”

The 53rd National Legislature recently passed the budget, increasing its re-adjusted revenue envelop from over US$473m to US$660m. 

 


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