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Prez Sirleaf submits National Draft Budget to Legislature

Patrick Flomo/Benjamin S. Taingay
President Ellen Johnson-Sirleaf
President Ellen Johnson-Sirleaf

(elbcradio.com/June 2, 2015)-President Ellen Johnson-Sirleaf has submitted the 2015/2016 Draft National Budget to the National Legislature.

According to our reporter, the Draft National Budget was submitted Tuesday, June 2, 2015 at the Capital Building in Monrovia.
The Capital Building is where the official functions of Liberia’s legislature take place.

An Executive Mansion release said Monday the budget is the first year estimate of Liberia’s second Medium Term Expenditure Framework budget program.
The budget program supports the Agenda for Transformation, the post-Ebola Economic Stabilization and Recovery Plan, and the United Nations Mission in Liberia (UNMIL) transition program.

The Cabinet, at a meeting over the weekend, approved the Draft National Budget of over US$600-million.
The release said the amount represents Domestic Revenue of more than US$400-million, Grants/Budget Support of more than US$66-million, Borrowing of over US$58-molloon, and a surplus from last year’s budget of over US$13-million.

The Cabinet also agreed on key areas of expenditure to include debt repayment amounting to US$32.5-million, payment of salaries across the Government US$252.1-million and, Social Development Fund and other pass through US$23.2-million.

Key areas of expenditure will also include, Health Sector Strengthening US$73.0-million, Education Sector Support US$79.4-million and, Security and Rule of Law US$90.1-million, including US$15-million for UNMIL Transition, as First Claims on the resource envelop.

Others include the Government of Liberia’s (GoL) contribution (Counterpart Funding) to ongoing donor financed public investment projects through loans and grants amounts to US$24.5-million, and GoL’s Grants and Transfers to various institutions and entities that contribute to Liberia’s socio-economic reconstruction US$85.7-million.

In support of major Public Sector Investments, intended to advance Liberia’s post-Ebola recovery, growth, and development, the Cabinet agreed to fund road construction and maintenance at the cost of US$44.3-million, including US$17.3-million as GoL’s contribution to donor funded projects.

The Cabinet also agreed to fund renovation of public buildings at the cost of US$9-million, expansion of electricity at US$2.4-million, district development projects throughout the country (through the National Legislature) at  US$10.9-million, and water & sanitation US$2.3-million.

Beach & waterways cleaning at US$1-million, human capacity-building US$2-million, private sector development US$1.5-million, National Low Cost Housing project (US$1.5 million, and LWSC Water Project US$1.0-million were other key areas the Cabinet also agreed on at its weekend’s meeting.

Other key areas considered in the draft budget by the Cabinet include renovation works at BWI US$1-million, renovation works at Tubman University (US$1-million, and a host of other key interventions critical for the delivery of social services and economic transformation.

Consistent with its Open Budget Initiative, the Ministry of Finance and Development Planning says it will make available to the public the Draft National Budget on its website (www.mfdp.gov.lr) for easy access, the release also noted.

The ministry said the National Draft Budget will be placed on its website after the state financial instrument’s submission to the National Legislative Monday, June 1, 2015.

The ministry is therefore encouraging Citizens to fully participate in the budget discussions by engaging their representatives.

The ministry, in the release, said such engagement will insure that the Final National Budget is representative of the country’s needs and aspirations, particularly considering the socio-economic impact caused by the Ebola virus disease.

 


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