LEGISLATIVE BUDGET OFFICE
    
                        
     A non-partisan analysis for the Liberian Legislature & Strengthening legislative oversight
                     PUBLICATIONS
Republic of Liberia - 54th Legislative Budget Office, 2018...Capitol Hill - Monrovia, Liberia
Capitol Hill-Capitol Building
Republic of Liberia

Profile of F. Julius Ceasar Profile of F. Julius Ceasar

Hon. F. Julius Caesar is a seasoned Liberian Economist with extensive public sector experience, having served in various positions in the Bureau of the Budget, now Department of the Budget at the Ministry of Finance. He also served as Deputy Minister/Administration and Insurance at the Ministry of Transport. Prior to this appointment, Hon. Caesar served as Acting Institutional Head of the Bureau of the Budget. During his tenure at the Bureau of the Budget, Hon Caesar also served as Deputy Director General for Administration and Technical Advisor to the Budget Director, where he guided budget policies and formulation, implementation; and monitoring, controlling and evaluation. He has contributed and continues to contribute to international research through active engagements with the National Budget Committee, USAID, the IMF, US Treasury and Alexander Grant Consultancy Firm, and UNDP.   He was the Liberian Counterpart of the USAID funded Liberian Improved Budget Assets, and Mining Management (LIBAMIM) Project.        

On April 28, 2011, he was appointed Director of Legislative Budget Office (LBO), with a contract for five years.  The function of the LBO is to assist the Legislature, through the Ways, Means, Finance and Budget Committee of the Senate and the House of Representatives, by conducting objective and imperial analyses of public expenditures and revenues relative   to the Budget as shall be contained in the Budget proposal of the President of Liberia to enhance Legislative oversight and accountability consist with the relevant provisions of the Constitution.
He is also a lecturer of Government Budgeting, Public Finance and Economics at the University of Liberia and the Cuttington University Graduate School.

The Role of the Legislative Budget Office


Introduction

The Budget is a very important instrument in the furtherance of the democratic process in any nation. It is an indispensable tool for the promotion and maintenance of “good governance” with the potential to foster peace and national development. Against this background, the processes that lead to the formulation and implementation of the National Budget is very crucial and should therefore be well guarded so as to guarantee the protection and articulation of the interests of all stakeholders in the nation.
Endowed with rich soil, abundant rainfall and a large array of materials, Liberia has many material resources which should facilitate the achievement of economic prosperity. But the nation has inherited a legacy of mismanagement by previous governments, setting back the clock on its economic and social development.
Since the inception of the new Government, fiscal reforms have been directed at stabilizing public sector finances, the liberalization of the monetary and financial sectors, improving the climate for private sector investment, improving revenue collection and encouraging investment in key areas.  
In this regard, the Government continues to institute measures to address budget management issues raised by international financial institutions and donor agencies regarding transparency and accountability in Government revenue collection and expenditure. Some progress has been made in a number of key areas under the SMP. This program aims at fostering macroeconomic stability, consolidating progress in building the economy and continuing to restore public confidence in the context of a post conflict environment.

Copyright © 2018  by the Legislative Budget Office of the Republic of Liberia  ·  All Rights reserved  ·  E-Mail: info@lbolr.com


In view of the above, the budget formulation process has taken on a new dimension in light of recent budget innovations to improve allocative efficiency with the aim of better addressing the socio-economic and political realities of post conflict Liberia. There is now a greater realization of the need to allocate our scarce resources in an optimal manner that will ensure that the goals of the Government are realized. In so doing, resources should target areas of greatest needs. The budget formulation and implementation processes therefore require collaborative decision making of all branches of Government devoid of any existing suspicion in any quarter.
-3-
This paper describes the budgetary process and the crucial role the LBO, (which is the technical arm of the National Legislature,) plays in helping to provide and equip the First Branch of Government who has the “Power and control of the Purse” with critical information needed to efficiently and professionally guide the process. This is very important considering that the Legislators are the representatives of the people.
Definition of a Budget
The Budget is a major policy instrument for the articulation of national socio-political and economic development objectives, through which stakeholders determine the allocation of scarce resources to ministries/agencies
In financial terms, the Budget is an estimate of receipts and expenditure.
The formulation process involves choosing among alternatives, priorities and also includes significant statement of policy; (i.e., the President’s goals and priorities are reflected in the budget).
The strength of the Budget is a reflection of the Government’s structure.

Read More