HomeLiberiaFinance Ministry Attributes Liberia’s Economic Activity Decline to Delay in Budget Submission

Finance Ministry Attributes Liberia’s Economic Activity Decline to Delay in Budget Submission

MONROVIA, LIBERIA -Deputy Finance Minister for Fiscal Affairs, Samora Wollokolie, has attributed the decline in economic activities in the Country to the delay in submitting the 2020/2021 Budget to the Legislature.

Minister Wolokollie said such constraint is affecting the Liberian economy.

He said the situation, caused by the effect of the COVID-19 outbreak, is creating uncertainties in the performance of the national economy to support the Budget.

Speaking to State Radio (ELBC) Monday, the Deputy Finance Minister, however, said the Budget will be submitted on or before July 15, 2020.

According to Minister Wollokolie, President George Weah has communicated with the Legislature to consider such economic constraints in the 2020/2021 Budget passage process.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot this week

ECOWAS Amb. to Liberia Calls on Liberians to Take Personal Responsibility…

MONROVIA, LIBERIA-ECOWAS Ambassador to Liberia, Josephine Nkrumah, has called...

Tappita District Education Officer Recognizes Increasing Number of Teenage Pregnancies…

TAPPITA, NIMBA COUNTY, LIBERIA-Tappita District Education Officer, Victor Playeah,...

Jason, Betty Saylee Education Foundation Recognizes…

TAPPITA, NIMBA COUNTY, LIBERIA-The Jason and Betty Saylee Education...

“The challenge is glaring,” Advocate on Liberia’s WASH Situation……..

MONROVIA, LIBERIA- Another World Water Day has come and...

Nat’l Port Authority Launches Major Capacity-Building Initiative under EU-Funded Scope Africa Program…

MONROVIA, LIBERIA-The National Port Authority (NPA) has launched a...

Related Articles

Popular Categories