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Finance Minister To Head Revenue Collection Team
Date Uploaded: Jan 21, 2014

Economy-Revenue

Finance Minister To Head Revenue Collection Team

By Hilary Vasco Wiagbe

MONROVIA, Jan, 21(LINA) –Finance Minister Amara Konneh says the ministry will embark on a vigorous revenue collection campaign beginning Thursday this week.

Minister Konneh said some entities in both the private and public sectors are delinquent in meeting their tax obligations to the government, saying this contributed partly to the delay in the passage of the 2013/2014 budget.

Mr. Konneh, who said he will spearhead the revenue collection exercise, noted that the ministry did not do well in the collection of government revenue in 2013.

The Finance Minister made the statement Tuesday when he appeared before the Plenary of the House of Representatives to provide information on the status of the country’s economy.

Konneh also indicated that despite problems experienced in the passage of the Fiscal Budget 2013/2014, the economy of the country remains strong, and urged Liberians not to panic.

He pointed out that though the economy may be going through tough times, the problem will be handled in the not too distant future.

Minister Konneh said Liberians should understand that the economy is coming from a very low base, and stressed the need to embrace the progress being made so far, instead of demonizing it.

On the depreciation of the Liberian dollar, he noted that the infusion of 8 billion Liberian dollars into the economy without the correspondent United States dollars is one of the factors responsible for the high exchange rate in the country.

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