# Liberian economic growth and revenue trends > Live situation record from CLSTR: https://clstr.news/situations/liberian-economic-growth-and-revenue-trends > Updated: 2026-09-17T23:05:00.000Z. Sources: 11. Developments: 4. Liberia has achieved a historic fiscal milestone, collecting over US$1 billion in domestic revenue within a single year, marking the first time in the nation’s 179-year history. President Joseph Nyuma Boakai credited the achievement to a “whole-of-government approach” and the resilience of the Liberian people, noting that the milestone demonstrates a growing capacity to finance development through lawful taxes rather than foreign aid. Data from the Liberia Revenue Authority (LRA) shows revenue rose from US$699 million in 2024 to US$848 million in 2025 before surpassing the billion-dollar mark. The National Port Authority (NPA) reported that approximately US$215 million of this total was collected through customs operations, citing investments in 24-hour operations and faster gate services as key drivers. The government aims to reach a projected annual budget of US$1.3 billion by the end of 2026. Officials, including Finance Minister Augustine Kpehe Ngafuan and LRA Commissioner General James Dorbor Jallah, stated these funds will support public welfare, including the deployment of 3,000 volunteer teachers and health workers, the recruitment of 600 new Armed Forces personnel, and road rehabilitation. At the 8th West African Tax Administration Forum, Commissioner General Jallah advocated for regional tax integration, proposing a ‘one rulebook’ for harmonized tax rules and a ‘one data space’ for cross-border information exchange. Opposition members, such as Matthew Young of the Congress for Democratic Change (CDC), have criticized the milestone, arguing that much of the revenue is directed toward recurrent government expenditure rather than social programs to alleviate poverty. ## Claims - Domestic revenue collections rose from US$699 million in 2024 to US$848 million in 2025. (corroborated by 2 sources) - The Liberian government aims to reach a projected annual budget of $1.3 billion by December 2026. (corroborated by 2 sources) - Domestic revenue reached $904.7 million by August 18, 2026. (single source) - The government deployed more than 3,000 volunteer teachers and health workers. (single source) - The administration supported the recruitment and training of over 600 new Armed Forces personnel. (single source) - Opposition member Matthew Young claims 80 percent of the revenue is used for government recurrent expenditure. (single source) ## Timeline ### 2026-09-17: Liberia Revenue Authority hits US$1 billion in domestic revenue Liberia's Revenue Authority reached US$1 billion in domestic revenue, supported by US$215 million in port customs collections, while officials call for deeper West African tax integration. 2 sources. https://clstr.news/cluster/liberia-revenue-authority-hits-us1-billion-in-domestic-revenue ### 2026-09-15: Liberia hits historic $1 billion domestic revenue milestone Liberia has reached a historic milestone by collecting over $1 billion in domestic revenue, a feat the Boakai administration plans to leverage for public services despite opposition concerns over spending. 8 sources. https://clstr.news/cluster/liberia-hits-us1-billion-revenue-target-as-leaders-call-for-national-development ### 2026-09-07: Liberia projects 5.5 percent GDP growth for 2026 Liberia’s GDP is projected to grow by 5.5 percent in 2026, driven by iron ore mining and infrastructure investment, according to Finance Minister Augustine Kpehe Ngafuan. 7 sources. https://clstr.news/cluster/liberia-projects-55-percent-gdp-growth-for-2026 ### 2026-09-02: Liberia Revenue Authority nears US$1 billion revenue milestone Liberia's Revenue Authority has collected US$954.7 million for Fiscal Year 2026, nearing a US$1 billion milestone expected by the end of September. 5 sources. https://clstr.news/cluster/liberia-revenue-authority-nears-us1-billion-revenue-milestone --- Cite as: Liberian economic growth and revenue trends. CLSTR, https://clstr.news/situations/liberian-economic-growth-and-revenue-trends