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In the over US$800M Restated Budget, How monies have been shifted from one line item to another - Senators demand explanation from Minister Tweah, cite the MFDP Boss

In the over US$800M Restated Budget, How monies have been shifted from one line item to another - Senators demand explanation from Minister Tweah, cite the MFDP Boss Featured

The Liberian Senate, which is also referred as the Upper House, has cited the Minister of the Ministry Finance and Development Planning(MFDP), Samuel D. Tweah, Jr. and the Commissioner General of the Liberia Revenue Authority(LRA), Thomas Doe Nah to appear before it on today, Monday, July 18, 2022.

The senators want authorities give detailed information on Arcelor Mittal Liberia’s thirty-million dollars contribution to the National Budget.
Plenary, which is the highest decision making body of the Liberian Senate, also wants the Ministry of Finance and Development Planning provide budget performance and how monies have been shifted from one line item to another in the restated budget.

It can be recalled that recently, the House of Representatives passed the recast budget in the tone of over eight-hundred-million dollars and forwarded it to the Liberian Senate for concurrence.
The function of the Ministry of Finance and Development Planning is to ccoordinate the formulation of the government's recurrent and development budgets.

Control the use of budgetary resources. Public debt management. Cash flow analysis and reporting, while the Liberia Revenue Authority, which was established in 2013, is in charge of administering and enforcing the revenue laws for the purpose of assessing, collecting, auditing and accounting for all national revenues and to facilitate legitimate international trade and customs border management-enforcement.

 

 

 

 

 

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