The deputy finance minister said due to the increase of domestic debt, his ministry is now adhering to the President's decision not to borrow any funds from the Central Bank of Liberia to pay off the current debt.
"The government owed the CBL US$233 million, the National Social Security and Welfare Corporation US$50 million, and commercial banks US$55 million before the President made his decision in 2019," he explained."After the President ordered in 2019 that no money be credited from the CBL, further debts were calculated and imputed to the government grant, totaling US$708 million."
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