Liberia Records Highest-Ever Domestic Revenue, Exceeding 2025 Target with US$818 Million in Historic Milestone

Paynesville, Liberia: Liberia has recorded its highest domestic revenue collection in history, as the Liberia Revenue Authority (LRA) surpassed its national revenue target for 2025, collecting approximately US$818 million as of December 29.

The amount exceeds the approved 2025 domestic revenue target of US$804.6 million by US$13.4 million, marking a historic milestone in the country’s fiscal performance.

The announcement was made on Monday by LRA Commissioner General James Dorbor Jallah during a press briefing in Monrovia. He disclosed that the surplus is expected to rise to at least US$20 million by the end of the 2025 calendar year, following final revenue consolidation in March 2026, as required by law.

Commissioner General Jallah described the achievement as a major step forward in strengthening Liberia’s domestic resource mobilization and advancing fiscal sustainability.

According to him, the 2025 revenue outturn represents a significant improvement over the US$699 million collected in 2024 an increase of more than US$119 million. The performance also marks the second consecutive year that the LRA has exceeded its annual revenue target.

He attributed the success to enhanced institutional discipline, professionalism, and sustained reforms within the Authority, noting that the results reflect improved systems, stronger compliance mechanisms, and growing public confidence in revenue administration.

Since its establishment, the LRA has implemented a series of reforms aimed at modernizing revenue administration, strengthening tax compliance, and improving transparency and accountability. These reforms have intensified in recent years, with a focus on operational efficiency, institutional integrity, and system-wide improvements across the revenue value chain.

Commissioner General Jallah acknowledged that the 2025 performance was achieved despite financial, logistical, and human resource constraints. He commended the dedication and resilience of LRA staff and expressed appreciation to partner institutions across government including customs officers, port authorities, line ministries, agencies, and commissions for their collaboration in revenue generation and enforcement.

Looking ahead, the Government of Liberia has set a domestic revenue target of US$1.176 billion for fiscal year 2026. While noting prevailing global and domestic economic challenges, Commissioner General Jallah reaffirmed the LRA’s commitment to professionalism, evidence-based decision-making, and results-driven performance.

To support the 2026 target, the Authority plans to deepen reforms through expanded digital transformation, increased automation, data-driven compliance management, and continued modernization of taxpayer services.

Preparations are underway for the introduction and effective administration of Value Added Tax (VAT), alongside enhanced nationwide taxpayer education and public awareness initiatives.

Commissioner General Jallah called on the Government to sustain its support for the Authority and thanked compliant taxpayers whose contributions continue to support national development. He reaffirmed the LRA’s commitment to fairness, transparency, and sensitivity in tax administration, particularly in light of prevailing economic pressures.

He also encouraged participants in the informal sector to enter the tax system, stressing that broadening the tax base is essential to easing the burden on compliant taxpayers and ensuring sustainable national development.

As Liberia moves toward ambitious fiscal goals, Commissioner General Jallah emphasized the importance of continued collaboration among public institutions, the private sector, development partners, and citizens in strengthening domestic revenue mobilization and supporting national development.