The FY2025 budget also prioritizes salary enhancements for key sectors, including healthcare, education, law enforcement and the military. President Joseph Nyuma Boakai, Sr., officially submitted the $851.8 million FY2025 Draft National Budget to the National Legislature for review, which represents a 15.3% increase from the $738.9 million 2024 Recast Budget. Breaking down the budget’s revenue sources, Minister Ngafuan disclosed that theCore Revenue: $833 million (97.8%) of total revenue Contingent Revenue of $18.8 million representing 2.2% of total revenue. “The 2025 draft budget represents a forward-looking plan that balances fiscal responsibility with the need to improve public service delivery,” Minister Ngafuan remarked. As discussions continue, many Liberians are optimistic that the proposed measures will bring tangible improvements to their communities and lives, marking a significant step toward inclusive development, the Finance Minister asserted.

Source: GNN Liberia November 20, 2024 12:58 UTC