The House of Representatives has approved the draft budget for fiscal year 2023.
According to the House of Representatives Press Bureau, the approved budget is in the tune of US$794,532,682.00.
It can be recalled that the draft revenue envelope for FY-2023 was submitted at US$777,953,000. 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 a 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 (SOEs), to include the Liberia Telecommunication Authority, Liberia Maritime Authority, National Port Authority, Liberia Petroleum Refining Company, and other revenue-generating ministries, agencies and commissions.
Meanwhile, the instrument is pending concurrence by the Liberian Senate.
