Liberia’s House of Representatives has approved the draft budget for the fiscal year 2023 in the tone of US$794,532,682.00.
The draft revenue envelope for FY-2023 was submitted at US$777,953,000.00
The Plenary’s action Tuesday, February 21, 2023, followed a report from its Ways, Means, and Finance committee.
The committee said as per the mandate of plenary, it conducted vigorous and thorough scrutiny of the Draft Budget for Fiscal Year 2023 beginning with the Revenue Envelope.
The Committee added that it conducted hearing with all major revenue-generating agencies including State Owned Enterprises (SOE’s) including Liberia Telecommunication Authority, Liberia Maritime Authority, National Port Authority, Liberia Petroleum Refining Company, and other revenue-generating Ministries, Agencies and Commissions.
Meanwhile, the budget is pending concurrence by the Liberian Senate.
