The Liberia Revenue Authority (LRA) has recalled a remarkable milestone in its collective journey of strengthening Liberia’s economic foundation, exceeding a whooping US$690, 000,000 target during the 2024 Fiscal Year.
Reporting on the 2024 Revenue Collection Period at a press conference on Tuesday, January 14, 2025 LRA Commissioner General Dorbor Jallah said raised more than US $692 million, with an additional US$10,000,000 in the process of being reconciled; so, actual performance is expected to be much higher.
He said this achievement is a testament to the resilience, commitment, and collaboration of every stakeholder involved in the revenue mobilization process.
Commissioner General Jallah said this success was not achieved in isolation, but as a direct result of the shared efforts and unwavering dedication of several key stakeholders.
“To the taxpayers of Liberia, we extend our deepest appreciation. Your compliance, contributions, and commitment fulfilling your civic responsibilities have been the cornerstone of this accomplishment. Your trust and partnership in building a stronger Liberia inspire us daily. To our diligent and hardworking staff across all departments, you have demonstrated professionalism, innovation, and an unyielding drive to achieve results. Your efforts have been instrumental in surpassing this ambitious target,” he said.
The LRA boss also recognized the efforts of the Revenue-Generating Agencies for their collaboration in ensuring that all revenue due to the government is collected efficiently and transparently, while admonishing stakeholders and development partners and civil society organizations for continuous support, advocacy and guidance, as their contributions have been invaluable in strengthening systems and operations.
However, he said while the LRA celebrates this significant achievement, it is also mindful of the opportunities and challenges that lie ahead, adding that the journey toward robust domestic revenue mobilization is ongoing, and the need for sustained effort and innovation remains critical.
“As we set our sights on 2025, we call on all stakeholders to: Enhance Compliance: We urge taxpayers to continue adhering to their obligations, ensuring timely and accurate tax payments. Promote Transparency: Let us all work together to uphold transparency and accountability in every aspect of revenue administration. Embrace Technology: The LRA will intensify the use of digital tools to simplify processes and enhance efficiency, and we encourage taxpayers to embrace these platforms. Foster Collaboration: Strengthened partnerships with stakeholders, including businesses, community leaders, and international partners, will be key to achieving even greater success in 2025,” Commissioner Jallah told journalists.
He said exceeding the 2024 revenue target is a momentous achievement that underscores the potential of collective action and shared responsibility. However, it is also a reminder that our work is far from complete. Together, we can build a Liberia that is self-reliant, prosperous, and equipped to meet the needs of its citizens.
“Let this moment serve as both a celebration of what we have accomplished and a rallying call for greater achievements in the future. We count on your continued Support as we aim to set new records and break new ground in 2025,” he said.
Speaking on external revenue in the 2024 budget, he admitted that as of October 2024, that portion of the revenue component of the budget was at zero percent, but said that the LRA receive US$40 recently with an outstanding US$8 million being processed to complete the US$48 million accounting for 6 percent of the 2024 Budget.
“For this current year (2025), the amount indicated for external resources is US$76 million. The hope is that we will be able to meet the requirements as a country to get those seventy six million. The way it works is that when external resources are earmarked by a donor for a country, they have condition precedents to fulfill certain requirements. And the sooner we are able to fulfill those requirements the earlier the money can start to come in,” Jallah said.
