By Jackson C. Clay,
The plenary of the Liberian Senate has concurred with the plenary of the House of Representatives over the passage of the Draft National Budget for fiscal year 2018/2019 in the tone of over five hundred-seventy million (US$570m).
The plenary which is the highest decision-making body of the Liberian Senate reached the decision Wednesday, June 27, 2018 in a special session on Capitol Hill.
The Senate’s decision followed the passage of the budget by the House of Representatives on Tuesday, June 26, 2018 and sent same to the Liberian Senate for concurrence and subsequently sent to the President for full passage into law.
The Senate’s decision was also followed by a motion made by Grand Kru County Senator, Dr. Peter Coleman following the reading of the passed budget by the House of Representatives and sent to the Liberian Senate for concurrence.
“I moved that this august body, the Liberian Senate concurs with the House of Representatives in the passage of the fiscal year 2018/2019 draft National Budget in the tone of five hundred, seventy million dollars, I so moved, if I can obtain a second,” Senator Coleman said.
Based on the motion, the Senators unanimously voted in favor of the motion in order to concur with the House of Representatives in the passage of the Draft National Budget.
The Draft Budget was recently submitted to the legislature in keeping with article 34 (b) of the Constitution of Liberia by the Executive branch through the Ministry of Finance and Development Planning (MFDP) in the tone of (US$562.00million)
But following a review and scrutiny by the joint legislative committees on Ways, Means Finance and Budget for the last few weeks, additional eight million United States dollars (US$8M) was discovered, thereby raising the budget to a little over five hundred, seventy million (US$570M).