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Nat’l Budget Experiences over US$1m Deficit

The Government of Liberia may experience a shortfall of more than a hundred million United States Dollars of the national budget as a result of the ongoing Ebola crisis.

According to the Co-Chairman on Ways, Means, Finance and the Budget at the House of Representatives, the shortfall is due to the closure of major revenue-generating institutions, including companies in the country because of the Ebola situation.

Representative Prince Karmue Moye told our Bong County correspondent in Gbarnga that the Liberian Legislature has asked the Executive Branch to resubmit the fiscal budget to reflect the true amount that would be generated by the government.

Representative Moye disclosed that the budget was submitted to the Legislature before the Ebola outbreak, noting that it would be dangerous to pass the pre-Ebola budget projection.

He added that though the budget may experience shortfall because of the Ebola crisis, some major partners, including the International Monetary Fund or IMF and the African Development Bank or ADB were expected to provide grants to augment the it, saying the grants will not be seriously considered during the budget debate on grounds that they might not come in time. He expressed optimism that the necessary documentations for the grants will be done quickly and submitted to the grantees.

He expressed the belief that the economic embarrassment brought upon the nation by the Ebola will be overcome following the crisis. The Bong County District number Two Lawmaker has welcomed President Sirleaf’s decision to include Lawmakers on the National Ebola Task Force, indicating that their inclusion will further boost the fight against the spread of the Ebola disease. Rep. Moye praised President Sirleaf for the decision and maintained that the Ebola crisis cannot be a one-man war.

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