Liberia Is US$45m Away From Its First Billion-Dollar Revenue Year
The Liberia Revenue Authority has collected US$954.7m so far this fiscal year and expects to pass US$1bn before the end of September. The post Liberia Is US$45m Away From Its First Billion-Dollar Revenue Year appeared first on The Rio Times .
The Liberia Revenue Authority has collected US$954.7 million in domestic revenue for fiscal year 2026, as of early September. This amount falls short of the US$1 billion target by US$45.3 million. Officials anticipate crossing the US$1 billion mark before the end of September 2026. Collections increased from US$699 million in 2024 to US$818 million in 2025, representing a 17% rise in a single year.
The 2025 result surpassed the target of US$804.6 million by approximately US$13.4 million. Two consecutive years of exceeding the target suggest a more accurate forecasting process. The increase is attributed to electronic fiscal devices and other collection measures that reduce revenue leakage. Liberia's domestic revenue target for 2026 is US$1.3 billion, which includes grants and other receipts.
The country's economic growth, particularly in iron-ore exports and shipping, relies on effective administration. Crossing the US$1 billion mark signifies a significant milestone for Liberia, indicating a shift in its negotiating position with creditors and stakeholders.
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