The plenary of the House of Representatives has unanimously voted to pass the supplemental special budget of 2021 in the tune of US$13,498,000.
The approved supplementary special budget which was passed by the House now puts the total of the Special 2021 budget to US$361,407,700.
The House took the decision on Thursday during their 11th Day Special Sitting when the decision for the consideration and enactment of the supplementary budget followed a communication from President George M. Weah to holistically address pressures from national issues.
The Liberian leader in his communication stressed, “This Supplementary budget is as the result of an additional year-end revenue projection of US$13,498,000 for FY2021 which is capture in this supplementary FY2021 Special Budget to address pressures that have constrained the execution of the Approved FY2021 Special Budget.”
According to the Liberian leader, the supplementary budget is to stabilize the price of rice in Liberia known as the Rice Stabilization Fund, in the tune of US$7m followed by a Contingency transfer by the Ministry of Finance and Development Planning (MFDP) of US$3,998,000.
Others are the Monrovia Consolidated School System (MCSS) US$500,000; the Executive Mansion renovation, US$1.5 million and the Liberia Revenue Authority (LRA) – Revenue Enhancement, US$500,000.
Meanwhile, the House has forwarded the approved 2021 Special Supplementary Budget to the Liberian Senate for concurrence in line with Article 34d(i) of the Liberian Constitution.