The Liberia Revenue Authority (LRA) has announced the collection of US$954.7 million in revenue for Fiscal Year 2026 as of Wednesday (September 2) morning.
The latest development put the government on track to cross the US$1 billion revenue milestone before the end of September.
LRA Commissioner-General, James Dorbor Jallah, made the disclosure during a Revenue Performance, and Revenue Measures, and Policies Review Meeting in Monrovia.
Jallah: “The latest collection figure reflects continued collaboration between the LRA, the Ministry of Finance and Development Planning, and other government institutions. As of this morning, we can report that we have raised US$954.7 million in revenue, thanks to the collaboration we continue with the Ministry of Finance and Development Planning, and other entities.”
With nearly US$955 million already collected, Jallah said, the government is on course to achieve its US$1 billion domestic revenue target before the end of the month as well as the US1.3 billion revenue target for 2026.
The revenue authority is also pointing to the implementation of new, and more efficient tax collection mechanisms as part of efforts to strengthen domestic resource mobilization.
Among the measures are electronic fiscal devices, which the government says, are intended to reduce tax leakages, improve compliance, simplify the filing process, and strengthen revenue monitoring.
The government says, stronger domestic revenue collection is critical to financing national development priorities, and reducing the heavy dependence on external assistance. The measures are therefore aimed not only at increasing revenue, but also at building a more transparent, efficient, and sustainable domestic tax system.
Earlier, Finance and Development Planning Minister Augustine Kpehe Ngafuan, emphasized the importance of continued collaboration between the two institutions. Ngafuan noted that strong revenue performance remains critical to finance the government’s development priorities, and reduce reliance on external resources.
He said, the progress recorded so far provides reason for optimism, while urging the revenue authorities, and all revenue generating entities of government to maintain the momentum through enhanced compliance, improved administration, and stronger engagement with taxpayers.
Despite the progress made so far, Ngafuan encouraged technical team members of both the institutions to remain focused in generating more domestic resources in the interest of all Liberians.
“We have to keep the focus, because the more we do, the more we are challenged to do, because the expectations of our people are high. The first-year implementation report of the AAID proves we are on track to achieve our AAID targets in many sectors, including roads, health, education, and agriculture. We have done much, but there is much more we must do and will do.”
Ngafuan meanwhile, reaffirmed government’s commitment to strengthen resource mobilization as a foundation for fiscal sustainability, and the implementation of the ARREST Agenda for Inclusive Development.
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