President Weah sounded the caveat during the submission of Fiscal Year 2020/2021 national budget in the tone of US$535.4 million to the Legislature. Other challenges include severe macroeconomic imbalances, low economic development, poor private sector development and poor public service delivery and the severe impact of COVID-19,” the President said in a communication accompanying the resource envelope. With these inhibiting challenges, the President revealed that Liberia’s pre-COVID-19 real GDP growth rate for 2020 was projected at 0.5 percent. Other challenges include severe macroeconomic imbalances, low economic development, poor private sector development, and poor public service delivery, and the severe impact of COVID-19.” – Pres. President Weah, following a two-and-a-half-month delay, submitted the budget in the tone of US$535.4 million – three percent more than the 2019/2020 final recast budget of US$518 million.