Liberia: Ngafuan Launches Fy2027 Budget Process, Warns Against Poor Planning, Unplanned Spending
"We are here today to prepare for the 2027 budget. The budget formulation process has actually begun," Ngafuan said, reminding spending entities that the Public Financial Management Law requires the Executive to submit the draft budget to the Legislature by Oct. The Finance Minister highlighted what he described as major improvements in Liberia's public financial management, noting that the national budgets for 2024 and 2025 were approved before the start of the fiscal year for the first time in post-war Liberia.
- ▪"We are here today to prepare for the 2027 budget.
- ▪The budget formulation process has actually begun," Ngafuan said, reminding spending entities that the Public Financial Management Law requires the Executive to submit the draft budget to the Legislature by Oct.
- ▪The Finance Minister highlighted what he described as major improvements in Liberia's public financial management, noting that the national budgets for 2024 and 2025 were approved before the start of the fiscal year for the first time in po
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MONROVIA — Finance and Development Planning Minister Augustine Kpehe Ngafuan has launched the formulation of Liberia's Fiscal Year 2027 National Budget, warning ministries, agencies and commissions (MACs) to end poor planning and recurrent requests for additional funding that weaken fiscal discipline and disrupt effective public service delivery. Launching the process under the theme, "Strengthening Fiscal Discipline and Strategic Resource Allocation for Inclusive and Sustainable Development," Ngafuan said the FY2027 budget must be guided by realistic planning, prudent spending and strict alignment with the government's ARREST Agenda for Inclusive Development (AAID). "We are here today to prepare for the 2027 budget.
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