MONROVIA, LIBERIA-The Liberian Chief Executive, President George Weah, says the state of the Country’s economy is stable.
President Weah vowed to do everything within his power to ensure that the Country remains stable, peaceful and strong.
He said:” The Country’s economy will continue on a path of sustainable growth and development.”
In his State of the Nation Address Monday, January 24, 2022, to the National Legislature at the Capitol, the Liberian Leader said during the past year, Government strengthened its relations with sisterly countries, bilateral and multilateral partners.
President Weah said:” This has brought productive results and affirmed value of my leadership in the Comity of Nations.”
President George has informed citizens, through the 54th National Legislature that the Country recorded six-hundred-forty-six million United States Dollars in revenue, for the year 2021.
The Liberian Leader said the money was raised through grants, domestic taxes and international trade.
Of that amount, President Weah said five-hundred-seventy-seven-million USD was raised through domestic taxes, while sixty-eight-million was raised through development partners.
He said total cash expenditure accounts for six-hundred-sixty-eight-million, for which forty-four percent was spent on compensation of employees of Government.
President Weah said twenty-five-percent was used in goods and services, seventeen-percent on domestic and international debts and five-percent on public sector investment.
Meanwhile, President Weah said the change in the budget year was in line with other countries in the ECOWAS Region.
The new budget year runs from January to December.
At the same time, President Weah has praised the National Legislature for the passage of twenty-three legislations during their Forth Sitting.
He said the instrument, among other things; include the establishment of a regional university and financing agreements.
He also reminded the National Legislature of the remaining pieces of thirty-five legislations currently before the body, noting that it is time to act on the instruments in the interest of the Country.
President Weah then pledged to continue to work along with the National Legislature to improve the lives of the Liberian people.
The Liberian Leader has also mandated the Liberia National Police (LNP) to investigate any possible criminality into last week’s stampede in New Kru Town.
The crusade incident left twenty-nine persons dead and several others wounded.
President Weah said the investigation is necessary to inform further action.
He said he has further instructed the Liberian National Red Cross and the National Disaster Management Agency to properly coordinate humanitarian assistance.
He said since the incident, the Liberian Government has received dozens of condolence messages from friendly nations and organizations.
President Weah thanked those concerned nations and organizations for showing solidarity with the Government and the people of Liberia for the loss of lives.