The transcripts of the trial of Charles Taylor, former President of Liberia. More…

You should have asked me before now. You have - you've jumped over [indiscernible] - it doesn't work that way. In the first instance, a budget is an estimated amount done by the government. Monies that are approved by the budget are only approved by the - they are approved by the legislature for the disbursement around in various ministries and agencies. You have again another tier. The second tier is that you may have the budgeted amount but you have to wait for collections before you have the appropriation for certain amounts and then the disbursement.

So, for example, you may have budgeted in January to spent $4 million and you get maybe $2.5 million in. That's not a function of the Central Bank any more. The budget bureau of the Republic of Liberia and the Ministry of Finance are responsible. The budget bureau does the allotments based on the appropriations and collectables and then the Ministry of Finance transact all of things. I don't see - I haven't gone through your bundle but you have in the bundle given us a copy of the transaction that occurred at the Ministry of Finance in dealing with some of these deposits.

Keyboard shortcuts

j previous speech k next speech