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Liberia's Finance Minister Calls for Expansion of Economy

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Economy News

Liberia's Finance and Development Planning Minister, Boima S. Kamara, emphasizes the need for the expansion of the country's economy and adoption of necessary fiscal policies to ensure strong investments.

Monrovia — Liberia's Finance and Development Planning Minister, Boima S. Kamara has underscored the need to focus on the expansion of the country's economy.

Minister Kamara told the Joint Legislative Committee on Ways, Means and Finance that there is a need for the adoption of the necessary fiscal policies that will ensure strong investments in the economy. He further highlighted the importance for the Ministry of Finance and Development Planning and the Liberia Revenue Authority to work with the Legislature to ensure the appropriate interventions are made especially in the passage of the Value Added Tax Bill.

He averred that working with the Liberia Revenue Authority, he believes that the government can achieve the One Billion USD revenue mark depending on how growth is structured over the next six years. Considering several favorable macroeconomic conditions, Minister Kamara had a positive forecast of the country's medium term outlook.

 

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