Home / News / International / Liberian Lawmakers Take Pay-cuts In 2020 Budget To Save Money For Citizens
Federal lawmakers in Liberia have reduced their salaries and allowances by N2.5 billion in the country’s 2020 budget, to help meet the International Monetary Fund (IMF) standard for economic and financial stability.
According to FrontPage Africa, a magazine in the West African country, the lawmakers, in a selfless move on Tuesday, October 1, voted unanimously to slash their earnings.
The lawmakers reduced their budgetary allocation proposed by the executive arm, led by President George Weah by almost $7 million.
Weah had proposed $532.9 million for the lawmakers, but they approved $526 million, after slashing their own earnings and those of the officials of the judiciary.
The report added that the budget committee said it came up with the reductions, in order to help the country save money for the welfare of Liberians.
The action of the Liberian lawmakers is coming after the Italian parliament said it is ready to reduce the number of the federal lawmakers, in the bid to save funds.
The Italian lower legislative chamber approved a bill to reduce the number of the members of the parliament from 630 to 400, and senators from 315 to 200, in line with a promise made by the country’s main party; the Five Star Movement.
Meanwhile, in Nigeria, the Senate was
dragged to court recently by some Nigerians and civil rights groups, including Socio-Economic Rights and Accountability Project (SERAP), BudgIT and Enough is Enough, over plans to spend N5.550 billion on vehicles for its principal officers.
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