Liberia Faces Budget Deficit and Revenue Challenges As Senator Konneh Calls on Colleagues to Place Focus on Revenue Generation
Monrovia, April 24 -- Liberia's economic future is at a critical juncture, with the Government facing serious budget deficits and revenue challenges even ahead of the passage of the 2024 Draft National Budget.
FrontPageAfrica has seen a memo addressed to the House and Senate Committees on Ways, Means and Finance by Gbarpolu County Senator Amara Konneh who has urged the heads of these committees to prioritize revenue over expenditure when deliberating the Budget.
The April 15 memo obtained by FrontPageAfrica reveals that there would be a US$10.7 million deficit in the Budget. This deficit, Sen. Konneh opined, occurred just a week after the submission Budget when President Joseph Boakai issued Executive Order 128 suspending surcharges on ...
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