President Ellen Johnson Sirleaf has Officially Dedicated an Electronic Billboard to Display Public Finances
President Ellen Johnson Sirleaf Wednesday evening officially dedicated an electronic billboard in central Monrovia that will display an updated profile of Liberia’s public finances.
Speaking at the ceremony, Finance Minister Amara Konneh said the billboard will enable the ordinary man and woman on the street understand how the nation’s finances are being expended.
The Open Budget Initiative will display the financial commitments of the government and how taxes and grant monies are being spent, where budget money is allocated and help people track revenue flows, visualize government projects and track their actual implementation.
The US government through the USAID-funded Governance and Economic Management Support (USAID-GEMS) project, provided funding and technical assistance for the billboard, while the African Development Bank through its support to the Medium Term Expenditure Framework (MTEF), funded the capacity needs of the exercise.
The Finance Minister said the effort is in fulfillment of the Open Government Partnership the Liberian government signed in November 2011 committing it to increasing the availability of information about governmental activities, supporting civic participation, establishing
the highest standards of professional integrity throughout government, and increasing access to new technologies for openness and accountability.
USAID-GEMS is a five-year technical assistance project to support the government of Liberia’s own initiatives to improve performance through human and institutional capacity building within government ministries, agencies, and commissions.
The African Development Bank’s Fragile State Facility is geared towards supporting service delivery in African states such as Liberia that have emerged from conflict to rapidly transform their efficiency and outputs in public finance management.
Source African Press Agency
African News from NetNewsPublisher.com
Category: Africa
