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Three Financial Experts debate Draft Act to place Budget Bureau under MOF |
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Written by Julius Kanubah
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Monday, 01 September 2008 |
Three Liberian financial experts have given their backings to a Draft Act, seeking the merger of the Bureau of the Budget with the Finance Ministry.
The financial experts made their positions known Monday during a hearing at the Legislature by the House Committee on Ways, Means and Finance.
Deputy Finance Minister Tarnue Mawolo said it was important to pass the proposed Act to improve the technical efficiency and coordination of the budget process.
Acting Budget Bureau Director Julius Caesar also welcomed the draft Act, stressing that the financial system of the Country would be developed.
The Dean of the Business College at the University of Liberia said he was supportive of the merger of the Budget Bureau with the Finance Ministry.
However, Professor Jugbe A. Jugbe said the Department of Revenues in the Finance Ministry must be concomitantly scraped in the merger process.
Former Finance Minister Wilson Tarpeh said it was best for the lawmakers to decide whether or not to pass the draft Act.
An Act of 1953 created the Budget Bureau within the office of the President of Liberia.
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