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Liberia’s President, Joseph Boakai, Monday announced a significant reduction in his salary, cutting it by 40% in a move aimed at setting a precedent for responsible governance and demonstrating solidarity with the Liberian people. This decision comes amidst growing scrutiny of government salaries as citizens grapple with the rising cost of living, with approximately one in five Liberians living on less than $2 a day.
In February, Boakai disclosed that his annual salary was $13,400. The 40% reduction will bring it down to $8,000. This action mirrors that of his predecessor, George Weah, who had previously reduced his salary by 25%.
While some Liberians have praised Mr. Boakai’s decision, others question the extent of the sacrifice, noting that the president continues to receive benefits such as a daily allowance and medical coverage. The budget for the presidential office stands at nearly $3 million this year.
Boakai assumed office in January after defeating Weah in a run-off election. He has made combating corruption and financial mismanagement a key focus of his administration. Since taking office, he has declared his assets and ordered an audit of the presidential office, though the results are yet to be released. Additionally, he has strengthened the General Auditing Commission and the Liberia Anti-Corruption Commission.
The previous administration under Weah faced numerous allegations of corruption and extravagant spending, which led to mass protests as the cost of living soared for ordinary Liberians. Thus, Boakai’s recent measures are seen as efforts to address these longstanding issues and restore public trust in the government.
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