The House of Representatives has established a 9-man Special Committee to authenticate the nature, causes and extent of accumulated losses the country experienced over the past year reported by President Ellen Johnson-Sirleaf in her annual message to the Legislature.
On Monday, January 25, the President told the Legislature and the nation that after careful review of the impact of the global economic downturn on the economy, the revenue forecast for FY 2015/2016 has been revised downward.
The President therefore announced that in order to address the bad economy, an austerity measure will be employed to cut back public spending by US$69.9 million, while further steps are being taken to remedy the situation.
The Special Committee, according to Plenary, will petition the office of the President to furnish it with supporting documents that relate to the austerity measure.
Upon receipt of said documents, the House Committee will advise Plenary to invite the Executive Governor of the Central Bank of Liberia, Dr. J. Mill Jones to explain the nature and extent of the losses incurred by the country.
The Plenary of the House of Representatives made the decision on Thursday, January 28, during the sixth day sitting of the 5th Session of the 53rd Legislature.
Those appointed on the Special Committee are: Rep. Matthew Zarzar (District #3, Sinoe County – Chairman); Rep. Dr. Edward Forh (District #16 Montserrado County – Co chairman); and Rep. Bill Twehway (District #3Montserrado County); and Rep. J. Gabriel Nyenkan (District#13 – Montserrado County).
The members are Josephine Francis (District #1 Montserrado County); Emmanuel Nuaquay (District #5 Margibi County); Clarence Massaquoi (District #3, Lofa County); Julius Berrian (District #10, Montserrado County); and Julie Wiah (District #2, Lofa County).