The Committee on Ways, Means, and Finance in the House of Representatives is expected to begin hearing Budget Performance Reports at the Capitol Building for various line ministries and agencies consistent with Section 8a of the Budget Law 2023.
The hearing will begin tomorrow, May 25, with the appearance of Liberia Revenue Authority, Ministry of Finance Development Planning, and the Bureau of State Enterprises.
According to a release from the House Press and Public Affairs, the purpose of the hearing is geared towards reviewing the spending of public funds by these entities to ensure that they are fulfilling their objectives in an efficient and effective manner.
This involves assessment of whether the SOEs and Agencies are using the resources allocated to them in the budget appropriately and achieving the expected results.
The hearing will focus on the entities’ performances for the Fiscal Year 2022 Consolidated Report, Fiscal Year- 023 First Quarter Report and Fiscal Year- 2023 Revenue Performance to-date (for revenue generation Agency only).
Meanwhile, on Friday, May 26, the Liberia Telecommunications Authority, Liberia Immigration Service and National Road Fund will appear and on next Monday will be the turn of the Liberia Maritime Authority, Labor, Mines & Energy, and the Forestry Development Authority.
On Tuesday, May 30, will have the Ministry of Justice, National Port Authority, Liberia Petroleum Refinery Company, and the National Fisheries and Aqua Cultural Authority appearing.
Other entities to appear on May 31 will include; Health, National Public Health Institute, and the Ministry of Education and the committee will climax the hearing on June 1 with Commerce, Agriculture, and Public Works.
Meanwhile the Committee said the failure on the part of any agency to attend, Section (f & g) of the Budget Law 2023, coupled with available sanctions as expressed in the Public Financial Act, and House’s Rules and Procedures shall apply.
