Liberian President Cuts Annual Salary from $13,400 to $8,000

Liberia's President Joseph Boakai

Liberian President Cuts Annual Salary from $13,400 to $8,000

POLITICS DIGEST- Liberia’s President Joseph Boakai has announced a 40% reduction in his salary, citing a desire to set an example of “responsible governance” and show solidarity with the people of Liberia.

The decision comes amid heightened scrutiny over government salaries, with many Liberians expressing concerns about the increasing cost of living.

Approximately one in five individuals in Liberia live on less than $2 a day, highlighting significant economic challenges in the West African nation.

President Boakai disclosed earlier this year that his annual salary was $13,400. Following the salary cut, his new annual income will be $8,000.

This move is seen as a step towards addressing public dissatisfaction and demonstrating leadership in fiscal responsibility.

The reduction in the president’s salary aims to alleviate some of the financial burden on the government while signaling a commitment to improving economic conditions for all Liberians.

It underscores Boakai’s acknowledgment of the economic hardships faced by many citizens and his administration’s efforts to implement measures that prioritize financial prudence and solidarity with the population.