As Liberia Records Historic US$885.8 Million Revenue Surge
Monrovia, Liberia – Following Liberia’s highest revenue performance in history, President Joseph N. Boakai said, the nation is entering what he called a decisive new age of fiscal strength and public responsibility. On Monday, January 26, 2026, President Boakai told the country and members of the Legislature that government revenue in 2025 reached US$885.8 million, the largest rise in a single year ever.
He added that domestic revenue alone exceeded the goal by US$43.1 million, which is a significant US$148 million gain over 2024. The President credited more digitization, better tax administration, and increased compliance among revenue-generating organizations for the increase.
“This reflects stronger policy choices and better administration, commending the Liberia Revenue Authority while urging lawmakers to partner with the Executive to ensure public funds translate into real improvements in citizens’ lives,” Boakai said.
He revealed that the government is getting ready to propose a supplemental budget next month, citing strong income performance and restrained spending—a rare fiscal achievement. According to the President, the government spent US$709.7 million as of November 2025, with large sums going toward capital projects like building roads.
President Boakai announced quantifiable respite for Liberian people despite persistent pressures on the world economy, including a decrease in the cost of basic goods like rice, flour, and fuel, with fuel prices leveling at US$4 per gallon and rice prices lowering throughout key markets.
Boakai praised the Vice President-led Price Committee for stopping unwarranted price increases and threatened to take strong legal action against companies that exploit customers. Regarding employment, the President disclosed that since his administration took office, more than 70,000 short- and medium-term jobs have been created in a variety of industries, including agriculture, social protection programs, infrastructure development, and small business support.
He stated that the National Employment Acceleration Strategy will concentrate on public works, agriculture, and skill development, while the Youth Entrepreneurship and Investment Bank Project is anticipated to assist 30,000 youth-led enterprises, creating over 120,000 direct and indirect jobs.
Under the ARREST Agenda for equitable Development (2025–2029), which allots US$290 million for capital investment and aims to raise GDP per capita above US$1,050 by 2029, the President reiterated his administration’s commitment to equitable growth.
“The purpose of growth is not numbers alone, but dignity, opportunity, and a better life for every Liberian,” he added.
Photo credit: Executive Mansion
