CAPITOL HILL, Monrovia – The Home of Representatives sitting on the 18th and ultimate day of the second session of the third quarter of the fifty fifth Legislature endorsed the report of its Joint Committee on Methods, Means, and Public Accounts with the passage of the Draft 2026 Nationwide Price range.
By Emmanuel Weedee-Conway
The full accredited finances quantities to LR$247 billion ( US$1,249,665,191.15) and is meant to help the federal government’s operations from January 1 to December 31, 2026.
In line with the Committee, this monetary framework is meticulously balanced, detailing each core and contingent income and expenditure on the similar exact quantities. Lastly, the textual content specifies the alternate charge calculation
“Mr. Speaker, Mr. Deputy Speaker, the Joint Committee on Methods, Means, and Public Accounts, having accomplished an intensive scrutiny of the monetary plan, has accredited the fiscal yr 2026 finances for the Republic of Liberia, deeming it prepared for passage,” stated the report by the Committee as learn by Chief Clerk, Madam Mildred Sayon.
The doc outlines the breakdown into adjusted income and core expenditure, alongside contingent income and contingent expenditure, with the alternate charge based mostly on the Central Financial institution of Liberia’s (CBL) common previous the finances’s passage.
It may be recalled that President Joseph Nyuma Boakai by way of the Minister of Finance and Growth Planning, Augustine Kpehe Ngafuan, submitted the proposed finances in October to Home Speaker Richard Nagbe Koon.
In line with the committee report, buttressed additional presentation by the Chairman of the Committee on Methods, Means and Finance, Maryland County District 1 Consultant, P. Mike Jury, indicated that the proposed finances underscores Liberia’s give attention to home income as the first funding supply.
Through the scrutiny course of, he revealed that the Committee discovered extra income which quantities to US$38.8 million.
“We invited the Ministry of Finance and Growth Planning and the Liberia Income Authority to transient them about this,” said Jury.
Lawmakers Dissented On Passage
Although the report entails advice for passage, two lawmakers – Montserrado County District 9 Consultant Frank Saah Foko and Nimba County District 7 Consultant, Musa Hassan Bility, expressed dissenting views and voted in opposition to the finances passage.
Rep. Foko said that the finances shouldn’t be within the curiosity of the Liberian individuals, and as such, he couldn’t endorse the committee’s report for passage.
In line with him, the finances as handed solely addresses primarily salaries and advantages and neglected lifting Liberians from poverty.
Equally, Rep. Bility states that the finances fails to satisfy the benchmark to handle the problems of Liberians.
Regardless of these dissenting opinions, a movement was proffered by Grand Gedeh County District 1 Consultant, Jerimiah Sokan, for the instrument to be handed – therefore, it was overwhelmingly voted upon.
In line with our legislative reporter assigned on the Home, 42 members voted for, two in opposition to and one abstained.
