MONROVIA, LIBERIA-Finance Minister Augustine Ngafuan has reiterated the Government of Liberia’s commitment to restoring fiscal credibility and stimulating economic growth in Liberia.
Minister Ngafuan said:” The Government aims at expanding the economy to manage debt, with support from the World Bank and International Monetary Fund (IMF).”
He also disclosed that the Liberian economy is on an upward trajectory, with an anticipated growth of five percent this year and a potential increase to six percent by 2025.
Minister Ngafuan emphasized that the Government is taking substantial measures to effectively tackle the fiscal challenges currently facing the Country.
The finance minister made the statement on Thursday, October 17,2024, in Paynesville City during a special media engagement on ELBC’s Super Morning Show.
Meanwhile, Minister Ngafuan said the Ministry of Finance is diligently preparing the budget for 2025, aiming to meet the October 31 deadline.
He said:” Developing a comprehensive budget for the upcoming fiscal year is crucial for enhancing the Country’s economic development, and increasing the budget allocation will facilitate a more equitable distribution of resources.”
Minister Ngafuan further called for teamwork and collaborative efforts to successfully meet budgetary targets.
By: Frederick Teegwiah, Jr.
