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Liberia: BOB Submits U.S.$10 Million Supplementary
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The Analyst (Monrovia)
18 April 2008
Posted to the web 18 April 2008
George Borteh
The Director General of the Bureau of the Budget, Augustine Ngafuan has disclosed that the Executive Branch of government through the Bureau of the Budget has submitted a Draft Supplemental Budget for the Fiscal Year 2007/ 2008 to the National Legislature for its analysis and approbation.
According to him, the proposed Supplemental Budget of US$10 million consists of a domestic revenue component of US$4.353, 660 and a targeted donor component of US$5,646,340.
Speaking at Wednesday news conference, he said the domestic component of the supplemental budget includes nearly US$2 million surplus revenue from the first semester of fiscal year 2007/2008, US$994,522 out standing payment from Mittal Community development fund, and a US$600.000 remittance from tie national oil company of Liberia.
Of this amount, he said telecommunication authority collected US$400,000 GSM spectrum fees while US$360,000 came from the Robert L. Johnson Group of Companies. "The donor portions of supplemental revenue are US$4 million from the World Bank and US$1,646,540 from the government of France", the Budget Director indicated.
Director Ngafuan informed reporters that US$1.4 million an equivalent of (33%) of the domestic revenue will be used to finance expected shortfalls in the appropriation for pension and severance payments.
"Other items of spending from domestic revenue as proposed in the draft supplemental budget include US$100,000 subsidy each to the University of Liberia and Monrovia Transit Authority," he noted.
Speaking further, Mr. Ngafuan said US4150, 000 will go to the Phebe Hospital in order to ease what he called "effort of initial budget cuts" and US$400,000 will go the Liberia Telecommunications Corporation to commence operation of already installed land line telephone services.
The Budget was Wednesday sent to the Legislature, and according to Mr. Ngafuan, under the arrangements for the US$4 million World Bank grant, more than US1.4 million will go to the free and compulsory primary education program, including "WAEC fees for 6th grade students for MCSS.
He said another US$1.4 million will be used to provide ambulance, essential drugs and medical supplies to each of the 15 counties under the Health Ministry basic package of health services program.
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He said the US$1,648,340 French grant will be used for the construction of eight joint customs and immigration borders posts and improves capacity for revenue administration and housing facilities for police in rural areas amongst others.
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