Finance minister, David Carew, is expected to lay before parliament on Thursday a bill entitled “The Appropriation Act 2008” being an Act to authorize expenditure from the Consolidated Fund for the services of Sierra Leone for 2008.
This Act shall be deemed to have come into operation on the 1st day of January, 2008, for which the sum of one trillion and eighteen billion six hundred and twenty one million seven hundred thousand Leones to be granted to His Excellency the President for and during the year 2008.
As it is ceremonial in the country, budgets are read for the allocation of funds to ministries and other government institutions. Since the new government of President Koroma only took over less than three months, ministries, foreign embassies and other government institutions have been waiting to be allocated funds.
This fund allocated shall be and is hereby declared to be charged upon and made payable from and out of the consolidated fund for the next financial year, for which payment thereof shall be taken to begin on and immediately after the 31st day of January,2008.
The accountant–general is authorized and required to pay out of the Consolidated Fund for the several services and the amount shall not exceed in the gross the sum of the allocated fund and any balances remaining unissued at the end of December 2008 shall lapse and not be available for making any payment in the following year.
In the Appropriation Act, the amounts for charged emoluments, gratuities and other retirement benefits and contributions to the social security scheme are included in the provision for salaries and wages.
The ministry of Energy and Power which is government’s top most priority is allocated 77,593,400,000 and the Education ministry is allocated the sum of 20,762,200,000 also another key area for the new government.