Legislators approve Recast Budget, allots US$11M for quick-impact pro-poor developments

The House of Representatives and the Senate have approved a Recast Budget of US$536.2million, with several austerity measures, including cutting off 100% of other goods and services amounting to US$27.4 million.

House approved the Recast Budget and immediately forwarded it to the Liberian Senate for concurrence in its 17th day sitting on Tuesday, March 13, 2018.

About US$181million is estimated to be raised for the remaining four months, March 1 – June 30, 2018, while US$11 million is being allotted for quick-impact pro-poor developments.

The budget was passed following submission from the House’s Joint Committee on Ways, Means, Finance & Development Planning and Public Account.

The Senate also passed the Recast Budget on its 18th day sitting on Tuesday, about 21 minutes later, after it was forwarded by the House of Representatives.

The Joint Committee maintained that the recast budget aims to address resource constraints while ensuring efficient service delivery over the remaining period of the 2017/2018 fiscal year, from March 1 – June 30, 2018, for ratification by the House of Representatives.

Some of the Special Quick-Impact Projects include:

Ground-breaking for the AFL’s 200-bedroom hospital US$200,000

Digital registration at the University of Liberia and installing WiFi US$300,000

Payment of WAEC fees for all students for 2017/2018 school calendar US$1.9 million

Purchase and maintenance of traffic and street lights in Monrovia US$600,000

Providing scholarships for doctors to undergo specialized training US$500,000

US$500,000 for Humanitarian outreach program by First Lady Clar Weah

Source: Farbric Radio 101 FM

Visited 565 times, 1 visit(s) today

Comments are closed.