President Joseph Boakai via the Ministry of Finance and Development Planning has submitted the 2025 draft National Budget directly to the Chief Clerk of the House of Representatives sidestepping established governance practices.
This marks the first time the executive branch has bypassed the speaker’s office to present the national budget, potentially signaling a new approach to legislative relations.
The presentation took place Monday morning and involved a comprehensive budget proposal totaling US$851.8 million. The budget comprises core revenue projected at US$833 million and contingent revenue estimated at US$18.8 million. The draft reflects a notable 15.3% increase over the 2024 recast budget, which was set at US$738.9 million.
The 2025 draft budget is strategically aligned with President Boakai’s ARREST Agenda for Inclusive Development (AAID), aiming to fulfill essential government priorities, manage debt obligations, and ensure fiscal stability.
During the presentation, Boakai urged lawmakers to prioritize the timely review and approval of the budget to facilitate seamless execution starting January 2025.
“This budget is crucial for the effective governance and economic stability of our nation. I call on each of you to commit to its prompt consideration,” he stated.
The move adheres to Section 17.1 of the 2019, Amendment and Restatement of the Public Financial Management Act of 2009, ensuring compliance with established financial protocols.
The unusual submission method may reflect President Boakai’s intention to delegitimize the Speaker’s authority as 43 House members backed by Vice President Jeremiah Koung are rebelling against Koffa’s
leadership.
