Monrovia, Liberia: The House of Representatives through its Committee on Ways, Means, Finance, and Development Planning, today convened the first quarterly Budget Performance hearing at the Legislature.
The hearing is in keeping with the statutory mandate provided for by the Public Financial Management (PFM) Law and the 2025 National Budget act.
Addressing the hearing, the Chairman of the Ways, Means, and Finance Committee, P. Mike Jury underscored the need for the national budget to serve as a “financial document of reality” and a “tool for transformation measurable by the quality of services delivered to the Liberian people.”
He reaffirmed the Committee’s commitment to working in close collaboration with the Executive Branch in pursuit of a national budget that surpasses the one-billion-dollar target projected by the Unity Party-led government under the stewardship of Joseph Boakai, as President.
Representative Jury stated that the Committee will endeavor to curb revenue leakages and improve fiscal accountability.
“These leakages—caused by inefficiencies, billing errors, tax evasion, and mismanagement—undermine Liberia’s revenue potential. Addressing these issues remain central to achieving financial discipline and effective budget execution”, Representative Jury told Legislative reporters.
He stressed that the 2025 National Budget Law outlines several key fiscal provisions aimed at enhancing transparency and strengthening institutional compliance:
Section 4 of the 2025 budget law, mandates that all internally generated funds (IGFs) be deposited into the Consolidated Fund Account. Spending entities are required to submit monthly and quarterly reports detailing the use of these funds.
Ways, Means, and Finance hearing
The committee chair used the occasion to rally the collective support of his colleagues, government agencies, civil society organizations, the media, and the public to contribute constructively to the progress of their workins.
Jury is quited as saying, “suggestions on legal and procedural reforms that can enhance the performance hearing process are encouraged in the collective interest of the Liberian people”.
Appearing before the ways, means and finance committee on 11 June, 2025 are the Ministry of Finance and Development Planning (MFDP),
the Liberia Revenue Authority (LRA), the Liberia Telecommunication Authority (LTA), and the National Port Authority (NPA).
The committee is expected to continue the 2025 quarterly budget performance hearing of government ministries and agencies on Friday, June 13, 2025.
##Photo Credit-HoR Press Bureau
