Rédaction Africa Links 24 with New Dawn
Published on 2024-03-25 01:35:00
Mr. Simeon Freeman, a well-known Liberian businessman-turned-politician who has run for president three times, recently expressed his concerns about President Joseph Nyumah Boakai’s first draft National Budget of US$692 million. In his view, this budget is not only empty but also places less emphasis on addressing the needs of ordinary Liberians.
Speaking to reporters over the weekend, Freeman, who is the leader of the opposition Movement for Progressive Change (MPC), criticized the proposed budget, highlighting that a staggering 92.5% of the total budget will be allocated towards government operations and recurring costs. This, he argued, leaves very little room for addressing the pressing issues faced by the people of Liberia.
Freeman noted that the budget relies heavily on domestic revenue, with a significant portion going towards sustaining government operations. He expressed his dismay at the lack of substantial allocations for sectors like agriculture and the economy, attributing this to the government’s focus on increasing wages and expanding its workforce.
The MPC leader emphasized the importance of investing in agriculture to enhance food security and reduce the country’s dependence on imported goods. He criticized the budget for failing to prioritize key sectors that could drive economic growth and create employment opportunities for Liberians.
Freeman also raised concerns about the budget’s reliance on borrowing from donor communities, suggesting that the government lacks a clear strategy for reinvesting these funds back into the economy. He pointed out the inadequacy of allocations for programs like youth training in ICT, questioning the government’s commitment to effective governance and sustainable investment.
Furthermore, Freeman highlighted the budget’s shortcomings in addressing critical issues such as the development of Liberia’s staple food, rice, and the challenges faced by institutions like the Liberia Electricity Corporation (LEC). He criticized the lack of provisions for addressing the corporation’s debt and improving electricity supply in the country.
In conclusion, Freeman reiterated the need for a more balanced and inclusive budget that prioritizes the welfare of ordinary Liberians and promotes sustainable economic development. He emphasized the importance of strategic investments in key sectors to drive growth, create jobs, and improve the overall standard of living for the people of Liberia.
As the debate over the National Budget continues, it remains to be seen how the government will address the concerns raised by Freeman and other critics. The budget approval process will be closely monitored, with expectations for a more comprehensive and people-centric approach to fiscal planning in Liberia.
Read the original article on The Newdawn Liberia
