Liberia Revenue Authority (LRA) has disclosed how the country now grasped the US$1 billion domestic revenue for the first time.
Meanwhile, the Authority has announced a press release, marking a major fiscal milestone for President Joseph Nyuma Boakai’s administration.
LRA made the announcement on Monday, September 14. It described the achievement as a clear sign of progress in domestic resource mobilization, and improved tax compliance.
The Authority: “Surpassing the billion-dollar threshold underscores government’s capacity to finance its national development agenda with less dependence on external borrowing, and aid.
The milestone is expected to boost government’s ability to fund key priorities under the ARREST Agenda for Inclusive Development (AAID.
The US$1 billion mark has long been an elusive target for successive administrations. Previous years saw domestic revenue hover between US$600 million, and US$800 million, constrained by a narrow tax base, weak compliance, and illicit financial flows.
Since taking office in January 2024, the Boakai administration has prioritized domestic revenue reform, including digitization of tax payment systems, enhanced customs enforcement at ports of entry, and broadened the tax net.
LRA, under Commissioner General, James Dorbor Jallah, has intensified audits, improved taxpayer education, and clamped down on revenue leakages at major concession areas, and border points.
Economic analysts say, the achievement will strengthen the fiscal position, and improve the credibility with International Monetary Fund (IMF), and World Bank.
In a brief statement, Jallah commended Liberian businesses, taxpayers, customs stakeholders, and its staff nationwide for their role in reaching the target.
“This achievement reflects collective effort, improved compliance, and our unwavering commitment to mobilize domestic resources to finance development objectives.”
The government, is meanwhile, expected to provide a full breakdown of the revenue performance, including contributions from tax, and non-tax revenue categories in the coming days.
The development comes as the government prepares for the final quarter of Fiscal Year 2026, with increased pressure to deliver tangible development dividends amid rising public expectations.
