Liberia: Draft Budget Falls Short on Growth-Driving Sectors, Agriculture and Tourism Neglected in 2024 National Envelope
MONROVIA, March 26 -- The draft of the National Budget, which will initiate the agenda of President Joseph Boakai's administration, is currently before the Legislature for scrutiny, adjudication, and approval. The proposed budget of US$692.41 million is slightly lower than what the previous administration had presented to the Legislature. However, that budget was sent back to the Executive when President Boakai assumed leadership to allow him the opportunity to realign it with the priorities of his government.
By Lennart Dodoo
The draft Budget attributes the Budget's decline to a projected 61.4 percent decrease in external resources. Domestic revenue is expected to reach US$649.98 million, with tax revenue comprising US$531.48 million a...
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