The Liberian economy is facing budget short fall due to bad fiscal management. The reason is that, some items in the budget is not ready necessary for now and the government of Liberia are making allocation in those areas. Liberia is the second poorest country in the world, country that is blessed with rich natural resources. The paradox is that, in the face of budget short fall, government official are still riding cars worth 65 thousand united state dollars and above. Hung allocation in the areas of gasoline and starch cards. The government of Liberia also give tax holiday to some multinational companies in the faced of budget short fall. The ministry of finance need adopt new macroeconomic model through the conduct of national account survey that will help us know our GDP growth rate.
Posted on: Thu, 29 May 2014 09:38:54 +0000