Monrovia-The Joint Ways, Means and Finance Committee of the Legislature has commenced budget hearing into the revenue component of the 2016/2017 fiscal year budget.
At the official opening, Representative Moses Kollie of Lofa County cautioned line Ministries and Agencies to show up on the day required by the committee to ensure the timely passage of the budget.
The House of Representatives last month received from the Ministry of Finance and Development Planning the draft Liberia National budget for the fiscal year 2016/2017 with a total projected revenue of five hundred and fifty-five point five million dollars.
Of the amount, according to Finance Minister Boima Kamara, US$30.2M will come from grants, while US$30.1m has been set as contingent domestic revenue but according to him, the contingency is due to the fact that the national legislature must approve of some measures before these sources can be realized.
The draft budget also contains allotted amount of US$77M for health, US$83M for education while social development gets US$10.5m. The draft budget allots US$20M for election, US$10M for UNMIL drawdown, US$5M for Agriculture and US$15M for road construction.
The draft National budget also allotted US$3M for road maintenance and US$1.5 M for the rehabilitation of the Roberts International Airport runways.
Henry Karmo (0886522495) [email protected]