20/03/2024
Pres. Joe Boakai's 1st Draft National Budget ..
What's your take?
Here's a select summary/insight of the developments and improvements in the FY- Draft 2024 Budget submitted to the Legislature by the President of Liberia. Again, this is a select summary/insight, not a reflection of the entire Draft Budget.
Reductions:
β Ministry of State: Reduced from $20 million to $9 million.
β Office of the President: Reduced from $4.4 million to $2.2 million.
β Vice President: Reduced from $4 million to $2 million.
β Legislature: Reduced from $67 million to $38 million.
β Pro Temp's Budget: Reduced from $4 million to $1.2 million.
β Speaker's Budget: Reduced from $2.2 million to $1.6 million.
β Deputy Speaker's Budget: Reduced from $1 million to a little over $515k.
Increases:
β Ministry of Education: Increased from $98 million to $105 million.
β University of Liberia (UL): Increased from $30 million to $32 million.
β Agriculture Sector: Increased from $4 million to $5 million.
β Health Sector: Increased from $64 million to $75 million.
These adjustments reflect a strategic reallocation of resources towards priority areas such as education, healthcare, and agriculture whilst also implementing cost-saving measures in administrative and legislative functions.
Credit: Nyantee Genero Samuel Togba