The plenary of the House of Representatives has approved the Fiscal Year (FY) 2023 draft National Budget in the tune of US$794,532,682.00 pending concurrence by the Liberian Senate.
It can be recalled that the draft revenue envelope for FY-2023 was submitted at US$777,953,000.00 by the Executive Branch of government through the Ministry of Finance and Development Planning (MFDP).
The plenary’s decision on Tuesday, February 21, 2023 however followed a report from its Ways, Means and Finance committee.
The committee, in its report to that august body among other things stated that as per the mandate of plenary, it conducted a vigorous and thorough scrutiny of the Draft Budget for Fiscal Year 2023 beginning with the Revenue Envelope.
The Committee added that it also conducted hearing with all major revenue generating agencies including State Owned Enterprises (SOE’s) to include, Liberia Telecommunication Authority, Liberia Maritime Authority, National Port Authority, Liberia Petroleum Refining Company, and other revenue generating Ministries, Agencies and Commissions.
Source: africanentertainment.com
