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Friday, June 14, 2024

BUDGETS AS TOOLS FOR ECONOMIC EMPOWERMENT AND COMBATING CORRUPTION – CESS

Date:

LIBERIA – The Center for Economic Crimes and Security Studies (CESS) underscores that in post-war countries such as Liberia, budgets should transcend mere financial plans to become instruments for growth and economic empowerment. The current proposed draft budget of US$692 million is now under review by the national legislature.

In a recent statement, CESS highlighted that corruption within budgets not only hampers economic growth but also perpetuates poverty, insecurity, and inequality. Misuse or diversion of public funds for personal gain deprives the masses of essential services and developmental opportunities. This vicious cycle of corruption and neglect further intensifies poverty and hardship among the populace.

Additionally, CESS pointed out that the unjust enrichment of politicians and individuals at the public’s expense erodes trust in government institutions and nurtures a culture of impunity. This undermines the social contract between the government and its citizens, leading to disillusionment and disenfranchisement.

To counteract corruption, incompetence, neglect for the masses, and poverty, CESS stresses the importance of transparency, accountability, and effective oversight in budget planning and implementation. The integrity watchdog in Liberia advocates for stringent measures to combat corruption and promote good governance, ensuring that budgets reflect the needs and aspirations of the people.

“By prioritizing economic empowerment and growth-oriented policies, post-war countries like Liberia can pave the way for a brighter and more prosperous future for all citizens,” CESS commented.

“It is crucial to recognize the pivotal role that budgets play in shaping the socio-economic landscape and to harness them as instruments for positive change and development,” CESS concluded.

Socrates Smythe Saywon
Socrates Smythe Saywon is a Liberian journalist. You can contact me at 0777425285 or 0886946925, or reach out via email at saywonsocrates@smartnewsliberia.com or saywonsocrates3@gmail.com.

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