{"id":55516,"date":"2024-04-09T16:22:44","date_gmt":"2024-04-09T16:22:44","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/finance-minister-wants-increased-focus-on-expansion-of-the-countrys-economy"},"modified":"2024-04-09T16:48:36","modified_gmt":"2024-04-09T16:48:36","slug":"finance-minister-wants-increased-focus-on-expansion-of-the-countrys-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/finance-minister-wants-increased-focus-on-expansion-of-the-countrys-economy","title":{"rendered":"Finance Minister Wants Increased Focus on Expansion of the Country\u2019s Economy"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Liberia\u2019s Finance and Development Planning Minister, Boima S. Kamara has underscored the need to focus on the expansion of the country\u2019s economy.<\/p>\n

Said Minister Kamara, \u201cas we begin this revenue hearing, it is important to emphasize that our nation needs an expansion in the country\u2019s economy\u201d.<\/p>\n

Minister Kamara told the Joint Legislative Committee on Ways, Means and Finance that there is a need for the adoption of the necessary fiscal policies that will ensure strong investments in the economy. He further highlighted the importance for the Ministry of Finance and Development Planning and the Liberia Revenue Authority to work with the Legislature to ensure the appropriate interventions are made especially in the passage of the Value Added Tax (VAT) Bill.<\/p>\n

Minister Kamara added that the passage of the VAT Bill will help boost domestic tax revenue, enhance transparency and accountability, as well as spur development across the country.<\/p>\n

He averred that working with the Liberia Revenue Authority, he believes that the government can achieve the One Billion USD revenue mark depending on how growth is structured over the next six (6) years.<\/p>\n

In a passionate call to the members of the Legislature, the Fiscal Boss urged: \u201cthe nation needs us now to forge stronger partnership in developing the needed fiscal policies to accelerate the country\u2019s pace of growth and development\u201d.<\/p>\n

Considering several favorable macroeconomic conditions, Minister Kamara had a positive forecast of the country\u2019s medium term outlook.<\/p>\n

\u201cOver the medium term, we are seeking a growth path of five percent to eight percent (5% to 8%) and possibly up to ten percent (10%) growth over the next six years,\u201d added the Minister with a rich experience in the management of both the fiscal and monetary sectors of the country\u2019s economy.<\/p>\n

The Boakai\u2019s administration submitted the Draft 2024 National Budget to the National Legislature on March 14, 2024. The projected revenue of the draft budget is USD 692.2 million dollars.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. Liberia\u2019s Finance and Development Planning Minister, Boima S. Kamara has underscored the need to focus on the expansion of the country\u2019s economy. Said Minister Kamara, \u201cas we begin this revenue hearing, it is important to emphasize that our nation needs an expansion in the country\u2019s economy\u201d. Minister Kamara told the Joint Legislative […]<\/p>\n","protected":false},"author":84,"featured_media":55515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-55516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nFinance Minister Wants Increased Focus on Expansion of the Country\u2019s Economy - Liberia<\/title>\n<meta name=\"description\" content=\"Liberia\u2019s Finance and Development Planning Minister, Boima S. 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