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Senate Approves
Fiscal Budget Over US$700M

The Plenary of the Liberian Senate yesterday concurred with the House of Representatives on the passage of the National Budget for January 1, 2022 to December 31, 2022 in the tone of US$786.587million with Public Administration, Security and Rule of law, Health and Education topped.
Senator Prince Moye, a ranking member of the Senate Budget Committee told plenary that the Ministry of Education budget was increased by 10% while the Ministry of Health was increased by 9% respectively.
According to the Committee on Ways, Means, Finance and Budget the concurrence of the House’s Engrossed Bill No. 43, entitled an Act To Approve the National Budget for the Fiscal year beginning January 1, 2022 and December 31, 2022 provides for the expenditure of the Government of Liberia.
Since the House passed the budget and transmitted to the Senate, it has since been working with its relevant Committees and leadership in scrutinizing same for its concurrence.
It can be recalled that the budget was presented to the Legislature by the authorities of the Ministry of Finance and Development Planning with the amount of US$786,587,304.
The Budget fiscal measures lines in its totality captured the following among others, the social Development funds including the land rental fees shall be transferred directly to the affected counties, a revenue sharing of 70-30% between the central government and the counties, cities, townships, boroughs for all excess budgetary revenue collection from real property taxes. Meanwhile, plenary has at the same time halted the payment of Liberia Gross domestic debt until proper investigation is launched into the allotment process.

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