Liberia: Finance Ministry Submits U.S.$692 Million Draft Budget for 2024

Monrovia, Liberia, March 17, 2024--Following much delay, the Ministry of Finance and Development Planning has submitted the draft national budget for 2024 to the House of Representatives, amounting toFinance Minister Boimah Kamara and his three Deputies submitted the draft budget last week, marking a crucial step in the nation's fiscal planning and governance.

"Speaker and Colleagues, resulting out of communication from the Co-Chair on Ways, Means and Finance Committee, Hon. Ellen Attoh Wreh, and in the spirit of coordination, the House of Representative Fallah noted that despite the House of Representatives' current first-quarter break, the Committee on Ways, Means, and Finance will review the budget during the break period.There was a problem processing your submission. Please try again later.

Meanwhile, the House of Representatives of the 55th Legislature on Thursday, March 14, 2023, adjourned its first Quarter of the first Session, which ran from January 15, 2024, to March 14, 2024.

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Minister of Finance to Present Budget for 2024 Fiscal YearMinister of Finance Enoch Godongwana will be presenting the country's budget for the upcoming fiscal year in Parliament at a sitting of the National Assembly at the Cape Town City Hall tomorrow, 21 February 2024. The budget speech is expected to address the country's financial challenges, including credit rating downgrades, government debt, and a significant deficit. The timing of the speech, just before a national election, adds to the difficulty for the minister.
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