New Budget Cuts Wastes In Government
President Ellen Johnson Sirleaf has on Wednesday, May 21, 2014, submitted the draft national budget of US$559m to the 53rd national legislature.
The new austerity budget cuts wastes in government and channels more funds to infrastructure development as set out in the Agenda for Transformation.
“This draft Budget calls for a period of national sacrifice – a sacrifice that calls for better efficiency in the allocation of available resources – as government combines aggressive revenue generation with careful debt management and scaled up spending in security, energy and the road network,”
President Ellen Johnson in her budget statement
What is different this time?
The new draft budget also focuses on programs and projects as the regular costs of running ministries and agencies have been cut drastically and savings moved into key public investment programs that will benefit the Liberian people. The draft budget was developed after several months of consultations and hearings with all spending entities.
Key Budget Documents