Monrovia, Liberia – The Liberia Revenue Authority (LRA) and the Ministry of Finance and Development Planning (MFDP) have assessed the country’s revenue performance as Liberia moves closer to generating US$1 billion in domestic revenue for the first time.
At a high-level review meeting held in Monrovia on Wednesday, LRA Commissioner General James Dorbor Jallah disclosed that domestic revenue collections for Fiscal Year 2026 have reached US$954.7 million, positioning the country to surpass the US$1 billion threshold before the end of September.
The discussions centered on current revenue trends, potential challenges, ongoing administrative reforms, and strategies to maintain steady growth in domestic revenue generation.
Participants also evaluated preparations for the introduction of the Value Added Tax (VAT), with attention given to system readiness, taxpayer transition, compliance measures, and risks that may arise following implementation.
Finance and Development Planning Minister Augustine Kpehe Ngafuan stressed the importance of strengthening tax compliance, enhancing revenue administration, and deepening taxpayer education and engagement.
He noted that sustaining strong revenue performance is essential to providing the financial resources needed to advance the government’s development agenda.
Domestic Revenue Hits US$954.7 Million, Liberia Eyes Record US$1 Billion
