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Senate Passes Financial Autonomy...
Date Uploaded: Jul 01, 2016

Bong County Senator Jewel Taylor
 

 

Senate Passes Financial Autonomy Bill

By Wilfred Gortor, LINA

MONROVIA, June 30 (LINA) - A draft bill seeking to grant financial autonomy to the National Legislature of Liberia has been ratified by the Liberian Senate, and forwarded to the House of Representatives for concurrence.

The bill entitled: "An Act Granting Financial Autonomy to the Legislature" was presented to the Liberian Senate on Tuesday by Bong County Senator Jewel Taylor.

When ratified by the House of Representatives, the bill will grant the Legislature an authority similar to that of the Executive and Judiciary branches of government to exercise autonomy, thus experiencing leverage, latitude and decisiveness in decision-making and program implementation.

The passage of the bill on Thursday follows advice and recommendation from an ad-hoc committee chaired by Sinoe County Senator Joseph Nagbe.

The bill is also intended to grant each House of the Legislature the power to have a finance section headed by a Director of Finance who will work in consultation with the head of the secretariats of both Houses for the efficient administration of the Legislative budget as enshrined in the bill.

As contained in Section Four of the draft bill, the Director of the Legislative Budget will be assisted by the Directors of Finance of both Houses of the Legislature in submitting the budget of the Legislature to the Bureau of the Budget, and shall ensure its inclusion in the structure of the national budget within the context of said national budget.

Without prejudice to the authority, rights and duties of the General Auditing Commission of Liberia, the bill says, it will also grant the right to the leadership of any of the two Houses of the Legislature to subject its books of accounts to an audit by an independent auditor who is a member of the Liberia Institute of Certified Public Accountants.

The bill, among other things, seeks primarily to enhance the smooth administration of the Legislature as opposed to the bureaucratic processes currently being experienced by the body under the current financial administrative arrangement.
LINA WSG/TSS/PTK

 

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