–Collections Reach US$997.4 Million as Liberia Moves Just US$2.6 Million Away From First-Ever Billion-Dollar Domestic Revenue Milestone
MONROVIA, Liberia — Liberia is now only US$2.6 million away from crossing the historic US$1 billion domestic revenue threshold, after collections reached US$997.4 million as of Friday, September 11, 2026, according to information obtained by The Liberian Post.
With the country needing just US$2.6 million to reach the landmark figure, Liberia is expected to cross the billion-dollar threshold on Monday, September 14, 2026, provided the current pace of collections continues.
If achieved, the milestone would mark the first time in Liberia’s history that domestic revenue collections have reached US$1 billion in a fiscal year, representing a major development in the country’s efforts to strengthen domestic resource mobilization and expand fiscal space.
Just US$2.6 Million Away
The latest reported US$997.4 million figure represents a significant jump from the US$954.7 million in domestic revenue announced by Liberia Revenue Authority Commissioner-General James Dorbor Jallah on September 2.
At that time, Liberia needed US$45.3 million to reach the historic threshold. The latest figures indicate that approximately US$42.7 million was added in just nine days, reducing the gap to only US$2.6 million.
The increase continues a rapid revenue trajectory recorded over the past several weeks.
On August 18, domestic revenue stood at approximately US$904.7 million. By September 2, collections had climbed to US$954.7 million.
The latest figure means Liberia has increased reported domestic revenue by approximately US$92.7 million since August 18.
A Milestone Projected for September
Finance and Development Planning Minister Augustine Kpehe Ngafuan has repeatedly projected that Liberia would cross the US$1 billion domestic revenue mark during September.
During Liberia’s 179th National Flag Day celebration, Ngafuan said the country would reach the milestone in September, describing it as a historic achievement for the Republic.
“Sometime in September this year, we shall hit the historic billion-dollar mark, the first time since the founding of our country,” Ngafuan said.
The Minister has since emphasized that reaching US$1 billion should not be regarded as the end of Liberia’s revenue ambitions.
Speaking recently on the Liberia Broadcasting System’s Super Morning Show, Ngafuan said Liberia was only days away from the threshold and challenged the country to move beyond the milestone.
Revenue Has Surged Since 2024
Liberia’s approach to the billion-dollar threshold follows two consecutive years of strong domestic revenue performance.
Domestic revenue increased from approximately US$699 million in 2024 to US$847.7 million in 2025, according to LRA figures previously reported by The Liberian Post.
The 2025 performance represented an increase of approximately US$149 million and exceeded the government’s approved domestic revenue target of US$804.6 million.
By August 18, 2026, Liberia had already collected US$904.7 million—surpassing the country’s entire 2025 domestic revenue performance.
At US$997.4 million, Liberia is now within a fraction of establishing a new national record.
LRA Expands Digital Revenue Collection
The acceleration in collections has coincided with the LRA’s ongoing modernization of tax administration and efforts to strengthen compliance.
The authority’s Corporate Strategic Plan 2025–2029 prioritizes digital transformation, improved taxpayer services, data-driven compliance, stronger enforcement and modernization of revenue administration.
The LRA has also been rolling out Electronic Fiscal Devices (EFDs) and other digital systems designed to improve monitoring of transactions, strengthen compliance and reduce revenue leakages.
The authority has described digitalization as an important element of its broader effort to move Liberia’s revenue system toward a more modern, technology-driven model.
US$1 Billion Is Only an Intermediate Milestone
Although crossing US$1 billion would be historic, it is not the government’s ultimate domestic revenue target for the year.
The government is working toward a significantly larger 2026 fiscal envelope, meaning that collections would have to continue growing after the billion-dollar threshold is reached.
At US$954.7 million on September 2, Liberia had already reached approximately 73.4 percent of the government’s broader US$1.3 billion domestic revenue objective cited by Finance Minister Ngafuan.
With collections now at US$997.4 million, that proportion has increased substantially.
The remaining challenge will be to sustain the collection momentum while ensuring that stronger enforcement and compliance do not unnecessarily burden businesses or discourage economic activity.
From Revenue to Development
The approaching milestone is also placing greater focus on what Liberia will do with its expanding fiscal resources.
Ngafuan has repeatedly stressed that the importance of higher domestic revenue lies not simply in the amount collected, but in what those resources can deliver for citizens.
Under the government’s ARREST Agenda for Inclusive Development (AAID), increased domestic resources are expected to support national priorities such as roads, healthcare, education, agriculture, electricity and job creation.
The minister has also linked stronger domestic resource mobilization to greater fiscal sovereignty, arguing that Liberia must develop the capacity to finance more of its own priorities rather than remain heavily dependent on external assistance.
Monday Could Be Historic
With US$997.4 million already collected, Liberia needs only US$2.6 million to reach US$1 billion.
That makes Monday, September 14, 2026, a potentially historic date for Liberia’s public finances.
If the remaining amount is raised and officially recorded, Liberia will have crossed the US$1 billion domestic revenue mark for the first time since the founding of the Republic.
The achievement would cap a sharp rise in domestic revenue from approximately US$699 million in 2024, to US$847.7 million in 2025, and now to nearly US$1 billion in 2026.
But after the celebration, the government will face the more difficult task of sustaining the gains and ensuring that the additional fiscal capacity produces measurable improvements in the lives of Liberians.
The Liberian Post will continue to monitor the LRA’s revenue collections and provide updates as Liberia moves toward Monday’s potentially historic milestone.
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