The_Open_Door_deel1

-340-
hospitals and clinics has been placed in column (4) of the
Table.
In 1964, 1965 and 1966 domestic revenues had not covered the
total expenditures of the Government. As nearly $ 25 million was
to be spent annually under the Four Year Plan it is not
surprising that about sixty per cent of the planned expenditures
under the Plan had to be financed from foreign funds. Table 41
shows the Government's expenditures by function during the 1964 -
1966 period.
TABLE 41
GoL EXPENDITURES BY FUNCTION 1964 - 1966
(in millions of U.S. dollars)
Expenditure 1964 196 5
Current Expenditures
Existing Development
Programmes
Debt Service 1
Transfers
Accounts Payable
30.1
0.4
11-3
0. 6
-
32.1
2.3
9.9
1.0
-
35.4
2.3
9.8
1.4
0.3
TOTAL 42.4 45-3 49-8
Footnote: 1. Excluding "Commission and Fees".
Source: Four Year Plan For Economic and Social Development,
Table 4-2, p.33-
The financing of the Plan is presented, by sector, in Annex 24..
Most remarkable is that the Government had added to its own
resources an amount of over $ 9 million which had to be
contributed by the private sector. As Liberian enterprises of
any significance were virtually non-existent (except for a
number of private rubber farms, the majority Liberian-owned
Bank of Liberia, and a large number of law firms) this meant in
practice that the foreign owned concession sector had to joi£
the Liberian Government in the financing of the Plan. However,
a legal base for this obligation did not exist. Among the
activities to which foreign companies were to contribute were
the dredging of the Monrovia Port (the iron ore mining companies)
and a programme for the rehabilitation of Liberian rubber farms
(the rubber plantations companies) (73)-