Monrovia – The Plenary of the House of Representatives has passed into law the FY 2017/18 Recast Budget in the tone of US$536 million. FrontPageAfrica was unable to get a copy of the Committee’s report to Plenary, but gathered that the report suggests several adjustments in the Recast Budget. The draft recast budget submitted to the legislature by the Executive Branch of government proffered significant cuts in the purchase of fuel for the operations of government. According to the draft recast budget forwarded to the Speaker of the House, some goods and services were also been cut by 100%. Also, a few financing options are proposed in the recast budget including securing grants (Contingent upon certain triggers and agreements) from the African Development Bank, European Union, and the Governments of France and of India.

Source: Front Page Africa March 15, 2018 09:00 UTC