Honourable Sheku Sannoh of Constituency 112 under the All Peoples Congress (APC) has disclosed that the APC government in 2007 inherited a debt of over Le2 trillion from the Sierra Leone Peoples Party (SLPP).
He made this disclosure while responding to a statement made by MP representing the SLPP during the 2018 Appropriation Act debate in Parliament that Sierra Leone Peoples Party (SLPP) under the leadership of the late President Ahmad Tejan-Kabbah left the sum of Le555 billion in the country’s account.
According to Hon. Sannoh, MPs from SLPP spoke about the Le555 billion asset that was left but forget to put before the House the Financial Statement of 2007 that clearly explained the country’s financial strength and debt.
MP Sannoh cited paragraph 15 of the late President Kabbah’s handing over speech of 2007. “The government left over Le500 billion as bank balance.” Hon. Sannoh disclosed, “to be specific, they left Le555 billion, as a bank balance”.
The Honourable maintained the 2017 Auditors General’s Report that has to do with the accounts, assets and liability of the country disclosed the actual financial status of the country in that year.
“Consolidated fund liabilities and short term domestic supply arrears, public debt surmounted to Le667 billon,” he read. He added, “On the long-term liabilities, we have Le1.67 trillion and if you add both amount we inherited two trillion three hundred and fifty-five billion Leones debt,” he said.
According to him the above-mentioned amount is just for domestic debt, adding that the APC inherited shattered accounts from the SLPP in 2007. AMK/13/11/17
By Alhaji M. Kamara
Tuesday November 14, 2017.
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