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Pres. Sirleaf signs 2016/2017 Fiscal Budget into law

Arthur Douglas/Benjamin S. Taingay
President Ellen Johnson-Sirleaf
President Ellen Johnson-Sirleaf

MONROVIA, LIBERIA-President Ellen Johnson-Sirleaf has approved and signed into law the 2016 /2017 Fiscal Budget in the amount of US$600,200,000.00.

The Budget year runs from July 1, 2016 to June 30, 2017.

According to a Finance Ministry release, over US$500,000,000.00 will be raised from domestic sources, including taxes and non-tax revenue, while grants amount to US$50,000,000.00.

The release named key sectors which received substantial share of the total resource envelope as Security with over US$94,000,000.00, Education US$86,000,000.00, Health US$77,000,000.00, Infrastructure US$42,000,000.00, and Agriculture US$11,900,000.00.

The release further noted that the Liberian Government has increased spending of US$34,600,000.00 for on-going road reconstruction works, maintenance, and renovation of public buildings, and US$4,000,000.00 for energy expansion and distribution.

At the same time, US$20,000,000.00 has been appropriated as government’s direct support to the National Elections Commission (NEC).
 

 


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