House Passes Special National Budget At $342M

George Randall | GNN Legislative Reporter |

Deputy Speaker, Jonathan Fonati Koffa

The plenary of the House of Representatives has unanimously voted to pass the special national budget of 2021 in the tone of $342 million United States dollars.

The House of Representatives took the decision Tuesday following a report from the joint committee on Ways, Means, Finance, and Development Planning and Public Accounts and Expenditure with a motion raised by Lofa County District #3 Lawmaker, Representative Clarence Massaquoi.

The executive on May 26, 2021, submitted a draft budget in the tone of $301.5 million United States dollars from domestic incomes.

Submitting the draft special national budget was by section 65 of the amended public financial management act of 2009, which calls for change in a fiscal year and the formulation of a special budget that runs on for six months.

The special budget covers incomes generated from July 1, 2021, to December 2021.

The committee report read, “Following thorough scrutiny, the joint committee on Ways, Means-Finance, and Public Account, about $40 million United States dollars was realized which caused the budget to increase up to 342 million dollars.”

Health and Education were mainly considered in this year’s special national budget.

The budget has been sent to the Senate for concurrence, and subsequently, pass into law.

(Visited 64 times, 1 visits today)
About Cholo Brooks 17488 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.

Be the first to comment

Leave a Reply

Your email address will not be published.


*