HomeLiberiaFinance Minister Tweah clarifies…..

Finance Minister Tweah clarifies…..

MONROVIA, LIBERIA-Finance Minister Samuel Tweah has provided clarity on sticky issues in the restated National Budget.

It followed concerns raised by senators following the submission of the recast budget by the House of Representatives for concurrence.

Minister Tweah said:” The inclusion of thirty-million United States Dollars from High Power Exploration Incorporated is legal and intended to supplement the budget.”

The Minister noted that it followed the Government’s move to enter into a framework agreement with the High-Power Exploration Incorporated.

He maintained that as part of the framework agreement, the Government will receive thirty-million US Dollars to replace ArcelorMittal’s contribution in the national budget.

Minister Tweah said the gap was created in the budget due to Government’s failure to ratify the Third Amendment of ArcelorMittal deal.

By: Sampson David

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot this week

Supreme Court of Liberia Orders Imprisonment of Forestry Dev. Authority’s Boss, Others

MONROVIA, LIBERIA-The Supreme Court of Liberia on Thursday ordered...

Central Bank of Liberia Officially Launches Collateral Registry System

MONROVIA, LIBERIA-The Central Bank of Liberia (CBL) has officially...

Pres. Boakai Says Drug, Organized Crimes’ Fight Covers All

MONROVIA, LIBERIA-President Joseph Boakai says the national fight against...

Liberia to Take on UN Security Council’s Presidency

MONROVIA, LIBERIA-Liberia is expected to take on the Presidency...

Pres. Boakai Considers Drug Explosion Threat to Nat’l Security

MONROVIA, LIBERIA-President Joseph Boakai has described the proliferation of...

Related Articles

Popular Categories