The Plenary of the Liberian Senate has mandated its committees on Ways, means, Finance and budget, Public Accounts and Audit to scrutinize a supplemental budget in the tone of US$650,000,000.
The action by the Liberia Senate was triggered by the submission of the budget by President George M. Weah on Tuesday June 17, 2021.
President Weah in a communication indicated that the supplemental budget is the result of an additional year -end revenue projection of US$65,588,827 million for the FY2020/2021 of which US$29,252,622 is been captured.
The budget according to the Chief Executive is to address pressures that have constrained the execution of the approved budget of which US$36,336,205 is being carried forward to FY 2020/2021 budget.
President Weah then implore members of the Liberian Senate to expeditiously debate the draft supplemental budget and consider the adjustments to enable government address issues of national concern.
The President indicated in the communication that total revenue of the year-end budget at US$ 660,000,000 while revised approved budget is amount to US$594,411,173 and excess revenue over approved budget is US$65,588,827.
This budget also captured other areas such as LBDI recapitalization at US$15,400.000 and compensations US$9, 500, 00, pensions and other benefits with US$2,300,000 and grant to the University of Liberia at US$2,052,622.