Legislature Passes 2023 National Budget of 782m- Latest Liberian News
Capitol Hill, Monrovia: The House of Representatives has approved an amended version of the National Budget for Fiscal Year 2023 to US$782.9m.
According to our legislative reporter, the plenary took the decision on Tuesday following a joint legislative conference committee report.
The recent setting up of the conference committee constituting the Honorable House of Representatives and the Liberian Senate followed the Senate’s proposed amendment to the House’s bill number one.
The latest action aligns with Rule 32 captioned Meeting of Conference Committee sub-sections 32.1, 32.2, 32.3, and 32.4 respectively.
“Hence, after all these consultations, the Conference Committee affirms that the new revenue number for FY 2023 is US$782,943,000.00 with the attached Act and working papers,” the house in a Joint committee report.
The committee informed plenary that it found no other material difference in the proposal of the Senate to what was included in the working papers of the Joint Budget Committee of the Legislature, especially as it relates to priority concern for making the roads to the rest of Counties in Liberia pliable for all seasons.
The budget-exchanged rate is L$156.00 to US$1.00.