15 November 2012

Liberia: Finance Dismisses Speculations

Authorities at the Ministry of Finance have distanced itself from events unfolding at the General Auditing Commission or GAC, following speculations that staffs there were laid off based on their instructions.

In a release issued Tuesday, the ministry said such operational decisions are not within the purview of the Ministry of Finance and so there is no way that the Ministry can take a position, one way or another, on such internal decision.

"It is important that the general public is reminded that the General Auditing Commission (GAC) is headed by the Auditor General and such internal and operational decisions are exclusively within their domain.

While the Ministry of Finance is charged with executing the Budget Law and ensuring that sanity is maintained within the Public Financial Management system, neither the Minister of Finance nor any of the deputies have any authority to make personnel or operational decision for any agency of government," the release said.

Additionally, the Ministry would like to point out that as reflected in the published National Budget, cuts were only made to consumables such as goods and services and the savings moved to the national priority projects such as Power, Ports, and Roads.

In conclusion, the Ministry will like to inform all Liberians that at this time, it is busying itself with ensuring that the resources required to jump our investment programs are available so the Liberian people can begin to see the benefits of the first medium term expenditure framework budget that it truly development focused.

Additionally, the Minister has issued instructions to all his functional heads to ensure that sufficient resources are infused into the broader economy to bring relief to businesses and create a circular flow of economic activities. Paramount among these infusions is the payment of civil servant salaries in a timely manner so that they have a joyous holiday seasons with their families.

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