MONROVIA, LIBERIA-The Government of Liberia says it has initiated some fiscal rules as a strategy that will help the country amid USAID support drawdown.
Finance Minister Augustine Ngafuan named the reduction of allowances of government officials, among others, as the steps taken.
According to the minister of finance, the USAID drawdown is a shock to Liberia, but it is not a doom for the country.
Meanwhile, Minister Ngafuan has placed both the Internal and External Debt stock at two billion US Dollars, with a little over one billion USD for internal debt.
The finance minister added that Liberia’s integrity is being restored gradually because the government has been making payments through the national budget.
By: William Howard
