𝐏𝐑𝐄𝐒𝐒 𝐑𝐄𝐋𝐄𝐀𝐒𝐄

𝐏𝐑𝐄𝐒𝐈𝐃𝐄𝐍𝐓 𝐁𝐎𝐀𝐊𝐀𝐈 𝐏𝐑𝐄𝐒𝐄𝐍𝐓𝐒 𝐅𝐘 𝟐𝟎𝟐𝟓 𝐃𝐑𝐀𝐅𝐓 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐁𝐔𝐃𝐆𝐄𝐓 𝐓𝐎 𝐓𝐇𝐄 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐋𝐄𝐆𝐈𝐒𝐋𝐀𝐓𝐔𝐑𝐄 (𝐂𝐚𝐩𝐢𝐭𝐨𝐥 𝐇𝐢𝐥𝐥, 𝐌𝐨𝐧𝐫𝐨𝐯𝐢𝐚, 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟏𝟖, 𝟐𝟎𝟐𝟒): His Excellency President Joseph Nyuma Boakai, Sr. earlier today, presented the Fiscal Year 2025 Draft National Budget to the National Legislature in the amount of US US$851.8 Million (comprising Core Revenue of US$833 Million and Contingent Revenue of US$18.8 Million) to the Presiding Officer of the House of Representatives through the Chief Clerk.

The draft national budget for 2025 represents 15.3% increase over the 2024 Recast Budget total appropriation of US$738.9 million. The draft budget captures appropriations aimed at delivering on key priorities of the ARREST Agenda for Inclusive Development (AAID) as well as addressing debt service and other obligations of the government.

President Boakai has urged the lawmakers to exert their best efforts towards ensuring timely consideration and approval of the budget to ensure effective and efficient execution of the budget beginning January 2025.

The submission of the draft national budget is in compliance with Section 17.1 of the 2019 Amendment and Restatement of the Public Financial Management Act 2009.

Meanwhile, the Minister of Finance and Development Planning, Honorable Augustine Kpehe Ngafuan, will address the Ministry of Information, Cultural Affairs and Tourism Regular Press Briefing on Tuesday, November 19, 2024 at 12 mid-day to provide detailed information on the draft budget to the public. The media is invited and shall be seated by 11:30 a.m.

Signed: ____________________________________

Daniel O. Sando

ACTING MINISTER