Home Business & EconomyLiberia On Track To More Than Double Domestic Revenue In Three Years, Lra Chief Tells Rotarians

Liberia On Track To More Than Double Domestic Revenue In Three Years, Lra Chief Tells Rotarians

Liberia On Track To More Than Double Domestic Revenue In Three Years, Lra Chief Tells Rotarians
0:00 Listen to this article: --:-- min

MONROVIA – Liberia is on course to more than double its domestic revenue collection within three years, with collections reaching US$1.156 billion as of November 10, 2026, Commissioner General of the Liberia Revenue Authority (LRA), James Dorbor Jallah, has disclosed.

CG Jallah made the disclosure on Wednesday, November 11, while delivering the keynote address at the Rotary Club of Sinkor’s Rotary Foundation Month meeting, held virtually under the theme, “From Tax Revenue to Community Transformation: Financing Liberia’s Development Through Partnership and Service.”

He described the revenue performance as a significant milestone in Liberia’s efforts to strengthen domestic resource mobilization, reduce reliance on external financing, and expand the government’s capacity to finance national development priorities through internally generated resources.

Providing an overview of the country’s revenue performance, Commissioner General Jallah said domestic revenue collections have recorded sustained growth over the past three years, increasing from US$612 million in 2023 to US$699 million in 2024 and US$848 million in 2025.

He explained that the 2024 collection exceeded the annual target of US$690 million, representing a 14 percent increase over 2023. In 2025, collections surpassed the US$804 million target, recording a further 21 percent increase.

Liberia achieved another historic milestone in September 2026 when domestic revenue collections crossed the US$1 billion threshold for the first time in the country’s history.

As of November 10, collections had reached US$1.156 billion against an annual target of US$1.177 billion, leaving approximately US$21 million to meet the target, with more than six weeks remaining in the fiscal year.

The LRA Commissioner General further disclosed that collections had already exceeded the entire 2025 revenue performance by approximately 36 percent. He expressed confidence that Liberia would close 2026 with more than US$1.224 billion in domestic revenue.

Achieving the projected US$1.224 billion would represent approximately a 100 percent increase over the US$612 million collected in 2023, effectively doubling the country’s domestic revenue within three years.

“Please notice the pattern in those growth rates: 14 percent, then 21 percent, now 36 percent and still counting. This is not a one-off windfall. It is momentum, and it is building year after year,” Jallah told the Rotarians.

He attributed the progress to the collective contributions of taxpayers, the dedication of LRA employees, and the Government’s continued support for reforms aimed at strengthening revenue administration, expanding the tax base, improving compliance, and encouraging voluntary tax payment.

The Commissioner General, however, emphasized that increased revenue collection must translate into tangible improvements in the lives of citizens, stressing that public confidence in taxation depends on transparency, accountability, and the effective use of government resources.

“Revenue by itself transforms nothing. Trust is the bridge between tax revenue and community transformation,” he stressed.

While describing the crossing of the US$1 billion threshold as a historic achievement, CG Jallah cautioned that sustaining revenue growth and ensuring that public resources deliver meaningful development outcomes remain critical priorities.

“Crossing one billion dollars is a historic milestone, but it is not the finish line. When government, business and civil society work together, tax revenue becomes community transformation.” He said.

He also highlighted the importance of sustained collaboration between the LRA and the business community, government institutions, development partners, civil society organizations, and the media in maintaining revenue growth, strengthening public confidence, and promoting voluntary tax compliance.

Citing Rotary International’s global campaign against polio, Jallah noted that sustained partnerships, shared responsibilities, and collective action could produce significant development outcomes, demonstrating the importance of collaboration in addressing national and global challenges.

He further proposed a partnership between the LRA and the Rotary Club of Sinkor to advance tax and civic education in schools and communities, promote voluntary tax compliance, and strengthen community feedback mechanisms.

He encouraged Rotarians, particularly business owners and professionals, to support public education initiatives, promote responsible citizenship among young Liberians, and champion voluntary compliance within their professional and business networks.

He urged the club to leverage its community networks to identify and communicate challenges confronting taxpayers and small businesses, enabling the LRA to improve service delivery, address compliance barriers, and strengthen taxpayer engagement.

In recognition of Rotary’s commitment to community service and improving lives, Commissioner General Jallah, on behalf of the LRA, pledged US$5,000 toward the work of the Rotary Club of Sinkor, particularly its community welfare initiatives and efforts to support the global campaign for a polio-free world.

The engagement underscored the importance of partnerships between public institutions and civic organizations in strengthening tax awareness, promoting responsible citizenship, and ensuring that domestic revenue mobilization contributes to sustainable national development.

Follow Liberia News Network on Google

See more Liberia News Network stories in Google Search by adding LNN as one of your Preferred Sources.

★ Add LNN as a Preferred Source