Minister of Finance Augustine Ngafuan of Liberia

Ngafuan said FOHRDs interpretation and budget analysis on the amount was very distortable and lack some major historical facts on which the foundation to draft the budget was built.

Ngafuan said FOHRD excluded the salary for presidents and heads of state of the Liberian government between 1991-2005, revealing that former presidents or heads of state then received the amount of US$10,000.

Ngafuan has the capability to perform judging from his performance as Director of the Budget Bureau, however admonish the New Finance Minister not to allow himself to be dictated to because his failure at the Finance Ministry will serve as a stigma on all young people.

Finance Minister, Augustine Ngafuan says Liberia has reduced its external debt of four point seven billion United States dollars, by one billion last year.

Liberias new Finance Minister Augustine Ngafuan has disclosed that Liberia has reduced its debt by about US$1 billion over the last year.

Ngafuan said in 2007, the ratio of the countrys external debt in export terms was 2,300%, which, he said, is he highest in the world.

the fiscal year a really big blunder.

and ELBC)Finance Minister Remains Undeterred in Weeding out Corruption at MinistryFinance Minister Augustine Ngafuan says nothing will deter his administration from affecting a clean-up at the Ministry and the entire government payroll.

Ngafuan said the payment would continue despite the problem.

Finance Minister Augustine Ngafuan said the decision followed a discussion held with the bank on ongoing work in the country.

For his part, Budget Director Ngafuan said he does not want any reconciliation with Mr.

Also speaking at the News conference, Finance Minister Augustine Ngafuan expressed happiness for the IMF delegation evaluation and commended those with whom they interacted, especially the Ways and Means committees of the House of Representative and the Liberian Senate.

APA-Monrovia (Liberia)-Liberias new Finance Minister Augustine Ngafuan has disclosed that Liberia has reduced its debt by about US$1 billion over the last year.

Mills Jones and Finance Minister, Augustine Ngafuan discussed sensitive issues focused exclusively on the current “recycled-checks scandal.

Minister Ngafuan said that the data base is a sort of dishonor roll list that would help banks in the country track down persons who have been involved in fraud in one bank and tries to go to another bank for employment.

fraud in one bank and tries to go to another bank for employment.