NewsOne of the poorest world countries presdent slashes public sector budgets amid widespread poverty

One of the poorest world countries presdent slashes public sector budgets amid widespread poverty

Liberia's president, Joseph N. Boakai, aiming for savings, reduced the budgets of state institutions and announced over the weekend that he would cut his salary by 40 percent. He also reduced the budget of the Senate President's office, Nyonblee Karnga Lawrence, to CAD 2.05 million.

Joseph Boakai, president of Liberia, decided to reduce his salary.
Joseph Boakai, president of Liberia, decided to reduce his salary.
Images source: © East News | Olamikan Gbemiga
Malwina Gadawa

8 July 2024 09:24

Liberia, one of the ten poorest countries in the world, can boast the highest earnings of its legislators. American Senator Patty Murray, who earns CAD 263,000 annually, might envy Senator Lawrence's salary.

The president made the decision to implement cuts

Liberia struggles with high unemployment, limited access to education and healthcare, and widespread poverty. According to the World Bank, more than half of the population lives below the poverty line, surviving on less than CAD 2.6 daily. In Liberia's 2024 budget, CAD 54.5 million was allocated for the expenses of 103 legislators, while only CAD 4.5 million was designated for education.

The president's decision on budget cuts was made in the face of public discontent about the high salaries and benefits granted to public officials in the executive, legislative, and judicial branches.

This discontent was further amplified by two reports concerning lawmakers. In June, the pro-government radio station Spoon FM reported that a group of senators organized a four-day training for themselves in the most expensive hotel in the city, for which they spent CAD 954,000

In July, activist Martin N. Kollie revealed that members of the lower house of parliament allocated themselves CAD 61,000 each for luxury vehicles, which, according to the budget, they are entitled to every three years. Since they hadn't received them yet, they attempted to blackmail the finance minister by arriving at a parliamentary session on Thursday in three-wheeled vehicles known in Liberia as keh-keh.

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