The Joint Committee on Budget, Ways, Means and Budget as well as Public Account and Expenditure of the House of Representatives and the Senate has announced the beginning of the scrutiny of the FY 2018/2019 Draft Budget on Tuesday, May 15.
Montserrado County District #5 Representative Thomas Fallah is the Chairman, while Bomi County Senator, Morris Saytumah will serve as the co-chairperson of the Joint Budget Committee.
President George Weah has 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.
According to a Joint Press Statement from the Press Directors of the House of Representatives and the Senate, the Hearings of the 2018/2019 Draft Budget will be divided into two phases, Revenue and Expenditure Components with the latter only being opened to the public.
The Revenue Component will take place in the first floor’s Conference Room of the House of Representatives, and will run from May 15, to May 25, 2018, while from the 26th to the 31st the Joint Committee will have a reconciliation meeting.
The Expenditure Component will be held in the Joint Chambers of the Legislature and would run from June 1, to June 20. 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, but will become a law when printed into handbills by the Ministry of Foreign Affairs.