The Economic Advisor at the Ministry of Finance, Sam Jackson
‘Liberian Economy on Track,’ Advisor Jackson
By Calvin Brooks
MONROVIA, May 22 (LINA) - The Economic Advisor at the Ministry of Finance, Sam Jackson, has said that the Liberian economy is improving, despite the national budget shortfalls experienced in the past two fiscal years.
Advisor Jackson explained that budget shortfall is a temporary distraction to the growing economy of Liberia, which has suffered 14 years of no growth.
He was speaking Wednesday at a program organized by the Alumni Association of the University of Liberia (AAUL) to discuss the present status of the Liberian economy.
He said the drawdown of the United Nations Mission in Liberia (UNMIL) also contributed to the budget shortfall.
The Economic Advisor also noted that the 12 percent reduction in Liberia’s export earning in iron ore and rubber on the international market has also affected the economy.
He emphasized that despite the pain the economy is currently experiencing, Liberia’s economic base is growing, noting that the national budget formulation should not be politicized so that it would address the social needs of the people.