Budget Hearing Postponed Due to President’s Cabinet Retreat

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House Chairman on Ways, Means and Finance, Rep. Thomas Fallah.

The 2018/2019 Budget Hearing has been postponed to Tuesday, May 22, following an appeal from President George Weah through the Ministry of Finance and Development Planning (MFDP).

Representative Thomas P. Fallah, Chairman of the Joint Committee on Budget, Public Accounts and Audit of the 54th Legislature, made the disclosure yesterday immediately following the opening of the Revenue Component of the 2018/2019 Budget Hearing.

The decision of the legislature followed an appeal from Finance Minister Samuel Tweah, who told the Joint Committee on Budget, Public Accounts and Audit that members of the Presidential Cabinet Retreat are “seriously writing a policy for presentation during the retreat as well as matters surrounding the projected US$562.2 million of the 2018/2019 budget.”

The two-day Presidential Cabinet Retreat will be held on Thursday and Friday in Buchanan, Grand Bassa County.

However, during the formal opening of the Budget hearing on Tuesday in the Joint Chambers, a delegation of the Liberia Revenue Authority (LRA) was present, led by Mrs. Decontee T. King Sackie.

According to House’s Press Director, the schedule for next Monday includes Finance Minister Tweah and Mrs. Sackie of LRA; Liberia Petroleum Refining Corporation Managing Director Nyemade Pearson, Labor Minister Moses Y. Kollie and the officer-in-charge of the National Oil Company of Liberia (NOCAL), who are expected to make presentations.

According to the adjusted schedule, the Revenue Component will run from May 22 to June 1, while the Expenditure Component will run from June 1 to June 20, as both the hearings will be held between 10 a.m. to 4 p.m. daily.

Constitutionally, after review of the budget, the two Houses will separately approve the 2018/2019 budget with the signatures of Chief Clerk Mildred Sayon and Speaker Bhofal Chambers, as well as the signatures of the secretary of the Senate and the Vice President.

The president would be the last person to sign on the draft 2018/2019 budget, which will become a law when printed into handbills by the Ministry of Foreign Affairs.

It may be recalled that President George Weah recently submitted to the legislature the proposed budget of US$562.2 million, targeting the government’s projection for revenue and expenditure for fiscal year 2018/2019.

Author

  • I am a Liberian journalist, born November 7 and hailed from the Southeast and of the kru tribe. I began contributing to the Daily Observer 2008 and was fully employed in 2012. I am the 3rd of eight children and named after my great grandfather. Am happily married with three children (girls). I am a full member of the Press Union of Liberia (PUL) and also the Sports Writers Association of Liberia (SWAL) and the Legislative Press Pool (LEGISPOL). I can be contacted through email: [email protected] or cell number/WhatsApp: (+231) 0886585875 or Facebook.

4 COMMENTS

  1. Hosanna – aleluya, some of us are excited about the pending budget retreat!

    This forum suggests that changes in how government gets, collects, and spends money would be on the table. Frankly, it’s lunacy that a country with over four sea ports, huge agricultural potential, high maritime profile, profitable communication mainstay, vast natural resources, including precious minerals would project a 2017/ 2018 budget of US $536 million. Whereas landlocked Rwanda – depending mainly on a service industry – estimated for the same fiscal year US $2.58 billion!

    Corruption, calous financial malfeasance, wilful waste, gross incompetency, and indifference to procedures are few of the obstacles to our country not aiming at US $1.5 billion annually. Well, none seldom get punished for white collar crimes; after all, ironically though polarized, we’re all connected by one bonding organization or another in the service of impunity.

    So an account’s clerk earns US $700 a month but builds four houses before his or her thirtieth birthday; those in income-generating institutions pocket revenues; executives at state owned banks treat money under their trust as ATM machines; Ministers, heads of agencies and corporations spend cash like on-shore sailors; procurement officials and businesses forge documents to share millions of US dollars for items not supplied; useless embassies uphold our 170 years stature, and so on!

    Certainly, Liberia cannot continue on this slipper slope of shameful underdevelopment, and endless hopelessness of the many amid arrogant nonchalance of the few. President Weah is like a fighter pilot nearing his target with a payload of bombs; no wonder intensive flaps or artillery fire of criticisms from the unholy alliance of defeated partisans, pessimists, reactionaries, fith column, and anarchists.

    Thank you Daily Observer for carrying this significant story. One more thing, congratulation for being purposeful and collected while others go loco in the stampede for relevance and attention: “Empty Drums make most noise”. Stability primarily comes through social justice, human rights, and rule of law – anything else is secondary.

  2. What the hell is a retreat. Most of you eat and learn nothing. You all are totally clueless about how to run a country. I pray for the day we have someone who can abolish the Senate and the reps. Retreat is for you all to chase our girls and boys.

  3. Why not stick to cabinet meetings instead of wasting money of “Cabinet Retreats?” the funds used for the latter could be used for the purchase of drugs/upkeep for health services that urgently needs to be attended to. Father God, please help us oh, because it appears we are walking down that same old road/path of no return.

  4. Brief History of the Camp David Presidential Retreat from the US Library of Congress’s Archives

    “For more than 50 years now, when presidents have wanted privacy, they have sought the cool, secluded lodges and cabins of Camp David. Presidents have entertained visiting heads of state, such a former British Prime Minister Winston Churchill, conducted cabinet meetings, and briefed Congressional leaders at the retreat”.

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