Capitol Hill, Monrovia – The Liberian Senate Plenary has ordered its Ways, Means, Finance, and Budget committee to examine the proposed 2026 National Budget independently.
The President of the Republic of Liberia, His Excellency Joseph Nyuma Boakai, formally submitted the Draft National Budget for Fiscal Year 2026 to the Liberian Senate in the amount of US$1.2 billion, necessitating the Senate’s plenary approval.
On Tuesday, November 11, 2025, at the Liberian Senate’s 49th Day Sitting of the 2nd Session of the 55th Legislature, the Draft Budget was formally presented to the Plenary.
The Senate immediately sent the document to its Committee on Ways, Means, Finance, and Budget for a thorough examination, analysis, and report to Plenary after receiving it.
A significant step in the government’s fiscal and economic planning process, the submission paves the way for national discussion and legislative examination of the nation’s financial plan for the upcoming fiscal year.
Domestic revenue accounts for 94% of the draft budget’s total, or USD 1.13 billion, while extra/resources account for 6%, or USD 72 million. $200 million USD of the Arcelor Mittal sign-on incentive is the signature bonus.
The Public Sector Investment Plan allots the PSIP about USD $280 million for development priorities, human capital, and infrastructure.
The 2026 National Draft Budget highlights the following expenditure priorities: $132.9 million for the education sector; $133 million for infrastructure, roads, energy, and basic services; and around $230 million for debt payment.
With a focus on important priority areas like agriculture, education, healthcare, infrastructure, energy, and governance, the President stated in the communication that the 2026 Draft Budget reflects the government’s ongoing commitment to economic recovery, inclusive growth, job creation, and poverty reduction.
In order to make sure that allocations reflect national goals and fiscal restraint, the Committee on Ways, Means, Finance, and Budget is required to involve pertinent line ministries and agencies during the examination process.
