(๐๐๐ฉ๐ข๐ญ๐จ๐ฅ ๐๐ข๐ฅ๐ฅ, ๐๐จ๐ง๐ซ๐จ๐ฏ๐ข๐, ๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐, ๐๐๐๐): His Excellency President Joseph Nyuma Boakai, Sr. earlier today, presented the Fiscal Year 2025 Draft National Budget to the National Legislature in the amount of US US$851.8 Million (comprising Core Revenue of US$833 Million and Contingent Revenue of US$18.8 Million) to the Presiding Officer of the House of Representatives through the Chief Clerk.
The draft national budget for 2025 represents 15.3% increase over the 2024 Recast Budget total appropriation of US$738.9 million. The draft budget captures appropriations aimed at delivering on key priorities of the ARREST Agenda for Inclusive Development (AAID) as well as addressing debt service and other obligations of the government.
President Boakai has urged the lawmakers to exert their best efforts towards ensuring timely consideration and approval of the budget to ensure effective and efficient execution of the budget beginning January 2025.
The submission of the draft national budget is in compliance with Section 17.1 of the 2019 Amendment and Restatement of the Public Financial Management Act 2009.
Meanwhile, the Minister of Finance and Development Planning, Honorable Augustine Kpehe Ngafuan, will address the Ministry of Information, Cultural Affairs and Tourism Regular Press Briefing on Tuesday, November 19, 2024 at 12 mid-day to provide detailed information on the draft budget to the public. The media is invited and shall be seated by 11:30 a.m.
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