…LRA’s July-November revenue projection falls by US$60MPresident Pro Tempore of the Senate, Albert Tugbe Chie, has disclosed that the government is “working very hard” to stabilize payments of salaries by the end of February 2020 and that, “This special session of the Legislature is a catalyst for the achievement of the objective to pay salary arrears and move on with other development programs. “We appeal to our people for understanding the situation of the salary delay. Even though the next few months will be difficult with delayed salary payments continuing up to the Christmas season, we can assure you that the government [will] pay all salaries by February, 2020,” the President Pro Tempore said on Tuesday, December 3, 2019 as he welcomed his colleagues back for yet another Special Extraordinary Session. Meanwhile, the Ministry of Finance and Development Planning (MFDP) has reported that the Liberia Revenue Authority (LRA) has fallen short of its projected revenue collection from July to November 15, 2019 by approximately US$60 million. The CBL, which he said should have provided macroeconomic stability and be a source of confidence in the banking sector in the country, has not lived up to expectations.

Source: Daily Observer December 04, 2019 02:26 UTC