Liberia: President Sirleaf Signs 2014/2015 Budget Into Law - but Veto Line Item Under Additional Revenue Section 3 B (f) of the Budget

Nov 28, 2014 | AllAfrica
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President Ellen Johnson Sirleaf has signed the 2014/2015 fiscal budget into law, but has vetoed a line item which calls for signature bonus in the amount of US$25 million on account of oil blocks.

According to an Executive Mansion release, the Liberian President said in good conscience she had decided to exercise the right and mandate granted under Article 35 of the Constitution to veto this line item under the Additional Revenue Section 3 b (f) of the budget.

"This decision, taken because the process in the sale of oil blocks has not been concluded, will resultantly affect the several appropriations contained in the schedule presented to the Minister," President Sirleaf argued.