Government Sets Bold FY2026 Revenue Target; LRA Reports Highest Intake in a Decade

Monrovia, Liberia -  Deputy Minister for Fiscal Affairs, Hon. Anthony G. Myers, has presented to lawmakers a bold revenue strategy underpinning Liberia’s proposed US$1.2 billion FY2026 national budget. 

 

He described the plan as one of the country’s most ambitious domestic revenue drives in recent years.

 

Myers told the Joint Committee on Ways, Means, Finance, and Budget that domestic revenue is projected to rise by 42% — from US$804.6 million in FY2025 to US$1.14 billion in FY2026  driven by tighter tax administration, stronger regulatory fees, better enforcement, and anticipated external support. Tax revenues are expected to hit US$727 million, while non-tax revenues are projected at US$183.9 million.

 

A major boost he said, comes from contingent revenue, led by ArcelorMittal Liberia’s expected US$200 million signature bonus once lawmakers approve the company’s third MDA amendment. Myers also revealed two key bills sent to the President: the Tax Incentive Reform Bill to curb massive annual losses, and the Tax Administration and Enforcement Bill to strengthen compliance and recovery.

 

Appearing alongside Finance Ministry officials, LRA Deputy Commissioner General Gabriel Montgomery announced record revenue performance, with US$715.3 million already collected as of November 17 — surpassing last year’s US$698.6 million. He credited digitization, including nationwide Starlink-enabled systems, for eliminating manual collection and improving taxpayer access.

 

Lawmakers have now begun detailed scrutiny of the revenue forecasts as budget debates heat up in the coming weeks.