The government of Liberia boosts funding for agriculture, security and rule of law, health, education, infrastructure, and public administration in the FY 2025 National Budget

Published 2024년 12월 3일

Tridge summary

The Government of Liberia, under President Joseph Nyuma Boakai, has submitted a budget for FY 2025 amounting to US$851.8 million to the Legislature. This budget aims to accelerate national development and enhance the welfare of the people by allocating substantial funds to key sectors such as agriculture, security, health, education, infrastructure, and public administration. Notably, there's a significant increase in the agriculture sector's budget from US$4,408,412 in FY 2024 to US$15,230,746 in FY 2025, demonstrating the government's commitment to improving food security and sustainable farming. Additionally, there are increases in funding for security, health, education, infrastructure, and public administration, highlighting the government's focus on providing necessary resources and improving essential services for the Liberian population. The passage of this budget is crucial for the implementation of initiatives aimed at enhancing the quality of life and economic development in Liberia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Monrovia — The Government of Liberia, under the leadership of President Joseph Nyuma Boakai, has significantly increased its budget allocations to key sectors in a bid to accelerate national development and improve the livelihoods of ordinary Liberians. This increase reflects the administration's commitment to building a stronger, more sustainable economy and addressing the core needs of the population. On November 18, last month, the Executive presented the FY 2025 National Budget to the Legislature, amounting to a total of US$851.8 million. The Ministry of Finance said this proposed budget demonstrates a substantial investment in key areas such as agriculture, security, health, education, infrastructure, and public administration, all essential to the country's future growth. In a bold move, the Government has proposed record allocations to several critical sectors. Agriculture Receives Significant Boost The agriculture sector receives US$15,230,746 in FY 2025, a significant ...
Source: All Africa

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