Liberia: 2024 Budget Cut By U.S.$17m

The administration of President Joseph Nyuma Boakai has taken proactive measures to address a potential budget shortfall by revising the 2024 national budget. The spending has been reduced by US$17 million, representing a 2.3% cut from the initial budget of US$738.8 million agreed upon in April.

This significant reduction will have a negative impact on public spending for specific infrastructure projects, goods, and services. The decision to reshape the budget downward, an embarrassing…