Despite the shocks created by COVID-19, Finance Minister Samuel Tweah predicted that this fiscal year’s budget will perform better than the last budget 2019/2020 owing to the measures put in place, and just as 2019/2020 budget year performed better than 2018/2019. Capitol Hill, Monrovia – At long last, President George Weah has submitted the Fiscal Year 2020/2021 national budget to the Legislature in the tone of US$535,452,000. By submitting the budget, which is US$9 million more than the previous budget (US$526 million), the President fulfilled his promised to the Legislature when he requested for additional time to submit the budget by July 15, 2020. He said despite the two recasts made last budget year, the budget ended with a surplus and the total suplus will be known by September this year. With several fiscal policies and reforms, he noted the budget will perform in the succeeding years to come.

Source: Front Page Africa July 16, 2020 08:03 UTC