Finance Submits 2019/2020 Draft Budget For Scrutiny
President Dr. George M. Weah, represented by and through the Minister of Finance and Development Planning, Samuel Tweah along with the Deputy Minister of Budget MFDP Madam Tannie Brunson has submitted the National Budget 2019/2020 to the 54th Legislature, with an envelope size of US$532,906,966.00 (Five Hundred Thirty Two Million Nine Hundred Six Thousand Nine Hundred Sixty Six United States Dollars)
The Speaker of the House of Representatives, Dr. Bhofal Chambers received the fiscal instrument and thanked the MFDP authorities for the submission. Speaker Chambers says though the budget is being presented late, it is proper that it is done well then presented sooner without it properly written for Legislative action.
During the Presentation ceremonies, Finance Minister Samuel Tweah informed Speaker Chambers that President Dr. George Manneh Weah is committed to fighting fraud and abuse of resources.
Minister Tweah says the government is making significant efforts to pay domestic vendors in the amount of 35M (Thirty-five million United States dollars). The Minister furthers that issue of the wage-bill is being seriously considered. He said what government is doing its payroll harmonization, and not a wage cut as it has been speculated, describing it as a revolutionary exercise.
Minister Tweah disclosed that government wage-bill in 2018/2019 fiscal year was 330M (Three hundred thirty million); but with the harmonization, the new wage-bill for 2019/2020 will now be 297M (Two hundred ninety-seven million).
He added the government has put in place strong revenue measures which will ensure 22M in new revenue, (Twenty-two Million United States dollars), during the new budget year.