President Joseph N. Boakai has presented his government's maiden national budget for the year 2024, amounting to US$690.2 million, for consideration by the House of Representatives. The budget submission was made by the Ministry of Finance and Development Planning, led by Finance Minister Boima S.
President Joseph N. Boakai has presented his government's maiden national budget for the year 2024, amounting to US$690.2 million, for consideration by the House of Representatives. The budget submission was made by the Ministry of Finance and Development Planning, led by Finance Minister Boima S. Kamara, Deputy Minister Anthony Myers, and Deputy Minister Tanneh G. Brunson. The budget highlights a reliance on domestic revenue, with a small portion coming from external sources.
Deputy Minister Myers said during the submission that 93% of the budget will be based on domestic revenue while about seven 7% will be external sources.Deputy Speaker Thomas Fallah accepted the budget on behalf of the House of Representatives, which has adjourned for a constituency break until May 10. Despite the break, the House's Committee on Ways, Means, and Finance will review the budget thoroughly during this period.
It is, however, evident that the submission of the 2024 national budget is overdue, as it should have been done since last December. Delivering his inaugural address, President Boakai said his government would ensure incentives for agriculture and access to appropriate technologies for farmers, as well as improve market and trade, food storage, and processing, among others.There was a problem processing your submission. Please try again later.
The House subsequently voted unanimously -- granting the President's request for the February spending budget, though to the annoyance of Nimba County District 7 Representative, Musa Bility, who frowned at his colleagues for being hasty in their decision.
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