Liberian Leader Signs 2019/2020 National Budget into Law

(LINA) -The President of the Republic, Dr. George Manneh Weah, has signed into law the National Budget for the fiscal period beginning July 1, 2019 and ending June 30, 2020.

The budget, which was signed October 28, 2019 totals L$110,460,000,000.00 or US$526,000,000.00, provides for the expenditure or operational cost of the Government of Liberia.

The National Legislature, following months of intensive deliberations, forwarded the Budget to the office of the President for signing into law.

Earlier, the Executive Branch of the Government through the Ministry of Finance and Development Planning submitted the national Budget to the Legislature.

The 2019/20 national budget accounts for three separate revenue envelopes, including Tax Revenue at US$378,000,000.00, non-Tax Revenue at US$87,200,000.00 as well as External Resources at US$60,800,000.00.

It subsequently becomes law once printed into hand bills by the Ministry of Foreign Affairs.

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About Cholo Brooks 12590 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.