House Passes FY 2023 Budget At US$794,532,682.00

Capitol Building, Seat of the Liberian Lawmakers

The Honorable House of Representatives has approved the draft budget for fiscal year 2023.

According to the House of Representatives Press Bureau, the approved budget is in the tune of US$794,532,682.00.

It can be recalled, the draft revenue envelope for FY-2023 was submitted at US$777,953,000.00

Plenary’s action Tuesday, February 21, 2023 followed a report from its Ways, Means and Finance committee.

The committee said as per the mandate of Plenary, it conducted a vigorous and thorough scrutiny of the Draft Budget for Fiscal Year 2023 beginning with the Revenue Envelope.

The Committee added that it conducted hearing with all major revenue generating agencies including State Owned Enterprises (SOE’s) to include, Liberia Telecommunication Authority, Liberia Maritime Authority, National Port Authority, Liberia Petroleum Refining Company, and other revenue generating Ministries, Agencies and Commissions.

Meanwhile, the instrument is pending concurrence by the Liberian Senate.

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About Joel Cholo Brooks 14055 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.
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